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English
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4 / 1013 |
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He also blatantly attacked any form of restraint against industrialization and monopolies. Although Smith felt strongly against certain policies, it is ironic that most of these polices have been combined with his ideas to create the economic policies the United States (and other nations) has today. Nevertheless, Smith influenced many later economists such as Thomas Malthus and David Ricardo, to name a few...
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Nevertheless, Smith influenced many later economists such as Thomas Malthus and David Ricardo, to name a few.
While Adam Smith is considered the father of economics, John Maynard Keynes, another English economist, is proclaimed to be the father of macroeconoics. As the son of John Neville Keynes (who was a well known economic lecturer at Cambridge University) and of Florence Ada Brown (author and social reformist), Keynes was influenced in the household to contribute as much as his parents...
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