Puzzle Corner
MATCH EACH PRE-21ST CENTURY ECONOMIC THINKER
WITH HIS FAMOUS CONCEPT OR QUOTATION
Economist Concept or quote
John Maynard Keynes “Inflation is always and everywhere a monetary phenomenon”
Adam Smith Theory of land rent
Joseph Schumpeter Producer and consumer surplus
David Ricardo Pursuit of self-interest can maximize social benefit
Alfred Marshall “Animal spirits”
Milton Friedman RU’36 “Creative destruction”
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