2006-12-06 23:29:17 · 11 answers · asked by mujeeb 1 in Social Science ➔ Economics
IT IS DEMAND AND SUPPLY ONLY. NO PERSON IS MASTER OF ECONOMICS IT IS FROM OUR OLD GENERATIONS.
2006-12-07 13:49:11 · answer #1 · answered by RAMAN IOBIAN 7 · 1⤊ 0⤋
Are you sure it's a person? If it is, I would say it was Marx:
He was a masterful economist and his rigorous analysis of capitalism in Capital is testament to the twenty years of scholarship that led up to its completion. The labor theory of value, decreasing rates of profit, and increasing concentration of wealth were key components of Marx's economic thought.
Keynes could be correct too.
But I don't know whether he's called "the master of economics". What I do know, is that a master of economics is a postgraduate degree.
2006-12-06 23:40:09 · answer #2 · answered by lieselot h 3 · 0⤊ 0⤋
The Invisible Hand!
actually it is hard to say who is the master of economics
Adam Smith- pretty much stated the idea of capitalism and founded the idea of the invisible hand.
Keynes has his own area of macroeconomics! what could be cooler than to have a subfield named after you
William Stanley Jevons, Carl Menger, Leon Walras all were very smart guys that helped reshape economics by focusing on the indivudial choice of utility and margin, which today is Neoclassical economics
Way too many great economist, and it is hard to compare them since they all take up a diffrent field in economics
2006-12-07 12:43:20 · answer #3 · answered by Kev C 4 · 0⤊ 0⤋
Adam Smith was the Father of Modern Economics. He basically invented economics as we know it.
2006-12-07 02:10:28 · answer #4 · answered by indiana24 2 · 0⤊ 0⤋
The father- Smith.
The master- Milton Friedman
2006-12-07 08:27:22 · answer #5 · answered by jimbell 6 · 0⤊ 0⤋
ok, properly as of Dec-twentieth of this 12 months (assuming I bypass the board checks at Wayne) i'll earn my MA in Econ. I have an MBA in Finance Dec-05. besides, i ought to indicate you do not flow my direction and get 2 tiers....ton of labor/rigidity at the same time as operating finished time on excellent of it. i ought to flow for the MS in Finance or MBA in Finance. Econ is wonderful yet till you flow the Ph. D direction the MA can assist yet no longer as a lot as MBA or MS in Finance. also, ascertain you flow to an outstanding college no U or Phoenix, Baker and so on.... garbage. i'm 24 and am going to Wayne State U in Detroit (third proper college in MI in the back of U of M and MSU) yet I also had the priority of no longer desirous to attend some yrs to flow to U of M and so on as they want post undergrad paintings journey. Oh and ascertain you're sparkling on a occupation because Econ isn't a versatile as Finance. Finance will assist you to p.c.. from a huge pool of jobs vs. Econ. the purely income of Econ masters is that no longer as a lot of human beings flow for econ so that you've gotten an income over others with Finance (till they went to Wharton vs. AZ State or something)..
2016-10-16 12:11:50 · answer #6 · answered by pataki 4 · 0⤊ 0⤋
Adam Smith- He's going to be on the 20 squid note.
2006-12-07 04:46:10 · answer #7 · answered by Stay Puft Marshmallow Man 2 · 0⤊ 0⤋
Definitely Adam Smith -- no question about it. All the others you could name just followed along in his tradition.
2006-12-07 02:47:30 · answer #8 · answered by KevinStud99 6 · 0⤊ 0⤋
A 'butterfly in China' in fact.
2006-12-07 05:57:07 · answer #9 · answered by ECQC 3 · 0⤊ 0⤋
keynes
2006-12-06 23:37:18 · answer #10 · answered by puff j 2 · 0⤊ 0⤋