Few Economists who influenced the study of Economy most

MILTON FRIEDMAN (1912– )

Friedman won the Nobel Prize for economics and is known for his free market philosophy. He was a monetarist and be-lieved that control of the money supply was important to control the effects of inflation .But as a monetarist, he also believed that control of the money supply was the only intervention that the government should make. Friedman served as economic advisor to two presidents: Richard Nixon and Ronald Reagan.

JOHN MAYNARD KEYNES (1883–1946)

A British economist, Keynes advocated intervention of government policy to control and stimulate economic conditions.Study him in an economics course and you’ll learn that he wrote The General Theory of Employment, Interests, and Money and later built a career on this topic. Perhaps his greatest line was: ‘‘In the long run we’re all dead.’’

ADAM SMITH (1723–1790)

A Scottish economist and philosopher, Smith was the author of the well-hailed The Wealth of Nations, which was published in 1776. It has been heralded as one of the most influential economic books in history and is on the reading list of many high flyers in the business community.

JOHN FORBES NASH (1928– )

Nash is a more contemporary economist. He won the 1994 Nobel Prize in economics, which he shared with two other economists. A mathematician who focused on game theory and geometry, Nash began to suffer from schizophrenia at age thirty. His ability in mathematics was exceptional, and he might well be the first Nobel Prize winner to have suffered from schizophrenia. Nash was a professor at Princeton and later at MIT. He was the subject of the 2001 movie A Beautiful Mind.