Trace: money

Money

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People

Adam Smith (1723-1790):

  • Work: “The Wealth of Nations” (1776).
  • Contributions: Introduced the idea of the 'invisible hand' and laid the groundwork for classical economics. Advocated for the division of labor and free market principles.

Thomas Robert Malthus (1766-1834):

  • Work: “An Essay on the Principle of Population” (1798).
  • Contributions: Warned that population growth would outstrip food supply, leading to inevitable famine. His views influenced discussions on population control and resource scarcity.

David Ricardo (1772-1823):

  • Work: “Principles of Political Economy and Taxation” (1817).
  • Contributions: Developed the theory of comparative advantage, emphasizing that countries should specialize in the production of goods they can produce most efficiently.

John Stuart Mill (1806-1873):

  • Work: “Principles of Political Economy” (1848).
  • Contributions: Advocated for individual freedom but recognized the necessity of state intervention in certain economic matters. Introduced ideas on utilitarianism and women's rights.

Karl Marx (1818-1883):

  • Work: “Das Kapital” (1867).
  • Contributions: Presented a critique of capitalism, emphasizing the inherent contradictions and class struggles. Advocated for a proletariat revolution and the establishment of a classless society.

Alfred Marshall (1842-1924):

  • Work: “Principles of Economics” (1890).
  • Contributions: Pioneered the neoclassical school of thought, focusing on supply and demand, and marginal utility. Emphasized the role of consumers in determining value.

Thorstein Veblen (1857-1929):

  • Work: “The Theory of the Leisure Class” (1899).
  • Contributions: Introduced the idea of 'conspicuous consumption' and critiqued the social values of the wealthy. Emphasized the sociological aspects of economics.

John Maynard Keynes (1883-1946):

  • Work: “The General Theory of Employment, Interest, and Money” (1936).
  • Contributions: Challenged classical economics and advocated for government intervention to mitigate economic downturns. His ideas laid the foundation for modern macroeconomic policies.

Joseph Schumpeter (1883-1950):

  • Work: “Capitalism, Socialism, and Democracy” (1942).
  • Contributions: Introduced the concept of 'creative destruction', describing how old industries are constantly being replaced by new ones. Emphasized the role of innovation and entrepreneurship in economic development.

Books

  • Basic Economics - Thomas Sowell
  • Freakonomics
  • CFA material
  • Technical Analsysis of The Financial Markets
  • Encyclopedia of Chart Patterns
  • Trading & Exchanges
  • The E-Myth Revisited

Media

  • Mark Meldrum
  • Company Man
  • Asianometry
money.1695237663.txt.gz · Last modified: 2023/09/20 21:21 by demiurge