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    Name of The Economists and Their Contribution

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    Bj Thivagar
    This document lists 103 economists and the economic concepts or theories they contributed. It includes entries such as: - J.M. Keynes who contributed the absolute income theory and inflationary gap concept. - Alfred Marshall who developed concepts such as consumer surplus, demand schedule, elasticity of demand, representative firm, and welfare definition. - Adam Smith who put forth the theories of absolute advantage, division of labor, and wealth definition. - David Ricardo who developed the theory of comparative cost and theory of rent.

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    Name of The Economists and Their Contribution

    Uploaded by

    Bj Thivagar
    731 views4 pages
    This document lists 103 economists and the economic concepts or theories they contributed. It includes entries such as: - J.M. Keynes who contributed the absolute income theory and inflationary gap concept. - Alfred Marshall who developed concepts such as consumer surplus, demand schedule, elasticity of demand, representative firm, and welfare definition. - Adam Smith who put forth the theories of absolute advantage, division of labor, and wealth definition. - David Ricardo who developed the theory of comparative cost and theory of rent.

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    Name of the economist and their condribution

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    Name of the Economists and Their Contribution

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    This document lists 103 economists and the economic concepts or theories they contributed. It includes entries such as: - J.M. Keynes who contributed the absolute income theory and inflationary gap concept. - Alfred Marshall who developed concepts such as consumer surplus, demand schedule, elasticity of demand, representative firm, and welfare definition. - Adam Smith who put forth the theories of absolute advantage, division of labor, and wealth definition. - David Ricardo who developed the theory of comparative cost and theory of rent.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    731 views4 pages

    Name of The Economists and Their Contribution

    Uploaded by

    Bj Thivagar
    This document lists 103 economists and the economic concepts or theories they contributed. It includes entries such as: - J.M. Keynes who contributed the absolute income theory and inflationary gap concept. - Alfred Marshall who developed concepts such as consumer surplus, demand schedule, elasticity of demand, representative firm, and welfare definition. - Adam Smith who put forth the theories of absolute advantage, division of labor, and wealth definition. - David Ricardo who developed the theory of comparative cost and theory of rent.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    www.economicsquestionsandanswers.

    com WIN ACADEMY



    Economics UGC-NET/SET

    NAMEOFTHEECONOMISTSANDTHEIR
    CONTRIBUTION

    1
    Sl.
    NO
    CONCEPTS ECONOMISTS
    1. Absolute income Theory J .M. Keynes
    2. Abstinence Theory of Interest Senior
    3. Affluent Society J .K. Galbraith
    4. Agio Theory of interest (or) Psychological theory of interest
    First advanced by J ohn Rae;
    (developed by Bohm Bawerk)
    5. Architect of Indian Planning J awaharlal Nehru
    6. Biological Theory of Population Raymond Pearl
    7. Cobweb Theorem Nicholas Kaldor
    8. Concept of Social optimum - Pareto
    9.
    Consumers Surplus
    First propounded by
    Popularised by
    Arsene J ules Dupuit
    (1844)
    Alfred Marshall
    10. Degree of Monopoly Theory Kalecki
    11. Demand schedule Alfred Marshall
    12. Demonstration effect Duesenbery
    13. Division of Labour Adam Smith
    14. Doctrine of Balanced Growth Ragner Nurkse
    15. Doctrine of Conspicuous consumption Thorstein Veblen
    16. Doctrine of Sound Finance Classical Economists
    17. Drain Theory Dadabhai Naoroji
    18. Dynamic Theory of Profit J .B. Clark
    19. Elasticity of Demand Alfred Marshall
    20. Employment Multiplier R.F. Khan
    21. General Equilibrium Analysis
    Leon Walras;
    (developed by Vilfredo
    Pareto)
    22. Growth Definition P.A. Samuelson
    23. Human Capital Formation Prof. Theodore.
    24. Income distribution Theory (or) Keynesian Theory Kaldor
    25. Indifference curve analysis J R. Hicks
    26. Inflationary gap J .M. Keynes
    27. Innovation Theory of Profit Prof. J oseph A. Schumpeter
    28. Innovation Theory of Trade Cycle Schumpeter
    29. Input Output analysis Wassily Leontief
    30. Iron Law of wages of Brazen Law of Wages Lassalle
    www.economicsquestionsandanswers.com WIN ACADEMY

    Economics UGC-NET/SET

    NAMEOFTHEECONOMISTSANDTHEIR
    CONTRIBUTION

    2
    31. Kinked Demand curve Prof. Paul M. Sweezy
    32. Labour Theory of Value Marx
    33. Law of Market J .B. Say
    34. Life Cycle Hypothesis
    Modigliani, Brumberg
    and Ando
    35.
    Linear Programming
    (It is also known as Mathematical programming and
    activity Analysis)
    George B. Dantzig
    36. Liquidity Preference Theory of Interest J .M. Keynes
    37. Loanable Funds Theory of Interest Knut Wicksell
    38. Marginal Preference Theory Armstrong
    39. Materialistic conception-of History Marx
    40. Modern Quantity Theory Friedman
    41. Modern Theory of interest Hicks-Hansen
    42.
    Modern Theory of International Trade
    (Factor - Proportion analysis)
    Bertil Ohlin
    43. Modern Theory of Rent Mrs. J oan Robinson
    44. Modified version of Marginal Productivity Theory of Wages . Taussig
    45. Monetary Theory of Trade Cycle R.G. Hawtrey
    46. Monopsony Mrs. J oan Robinson
    47. Optimum Theory of Population
    Prof. Sidgwick;
    (developed by Edwin
    Cannon)
    48. Over-investment theory of business, cycle Dr. Hayek
    49. Over-saving theory of business cycle
    Major Douglas and
    J .A. Hobson
    50. Peoples Plan M.N. Roy
    51. Permanent Income Hypothesis Friedman
    52. Portfolio Balance approach Tobins
    53. Psychological Law of Consumption Keynes
    54. Psychological theory of business cycle A.C. Pigou
    55. Purchasing Power Parity Theory Gustau Cassel
    56. Quantity Theory of Money
    First Propounded by
    Davan Zatti
    57. Quasi Rent Alfred Marshall
    58. Real Balance Effect Pigou
    59. Rent Theory of Profit L. Walker
    www.economicsquestionsandanswers.com WIN ACADEMY

    Economics UGC-NET/SET

    NAMEOFTHEECONOMISTSANDTHEIR
    CONTRIBUTION

    3
    60. Representative Firm Alfred Marshall
    61. Residual Climant theory Walker
    62. Restatement of the Quantity Theory of Money Friedman
    63. Revealed Preference Theory P.A. Samuelson
    64. Revised Theory of Demand J R. Hicks
    65. Risk Aversion Theory of Liquidity Preference Tobin
    66. Risk Theory of Profit Prof. Hawley
    67. Scarcity Definition Lionel Robbins
    68. Selling cost curve Chamberlin
    69. Social optimum Pareto
    70. Statics and Dynamics concepts into Economics J .S.Mill
    71. Statics and Dynamics concepts into Social Science August Comte
    72. Statistical Utility Theory Neumann-Morgenstern
    73. Subsistence theory of Wages
    Physiocrates
    (developed by Adam
    Smith)
    74. Sun - spot Theory of business cycle W. Stanley J evons
    75. Accelerator
    Aftalion;
    (developed by J .B. Clark)
    76. Big Push Theory Rosenstein Rodan
    77. Concept of Functional Finance
    (developed by)
    A.P. Lerner
    78.
    Income Theory of Money
    (or, the Saving- Investment theory of money)
    Thomas Tooke
    (Popularised by Keynes)
    79. Multiplier Keynes
    80. principle of maximum social advantage Hugh Dalton
    81. Relative Income Hypothesis
    First introduced by
    Dorothy Brady and
    Rose - Friedman
    (Developed by
    Dussenberry)
    82. The term Micro and 'Marco Economics Prof. Ragnar Frisch
    83. Theory of Absolute Advantage Adam Smith
    84. Theory of Comparative cost David Ricardo
    85. Theory of Opportunity Cost Haberler
    86. Theory of Social Marginal Productivity J .B. Clark
    www.economicsquestionsandanswers.com WIN ACADEMY

    Economics UGC-NET/SET

    NAMEOFTHEECONOMISTSANDTHEIR
    CONTRIBUTION

    4
    87. Theory o f Unbalanced Growth Prof. Hirschman
    88. Theory of Demographic Transition Frank Notestein
    89. Theory of Monopolistic competition E.H. Chamberlin
    90. Theory of Population Malthus
    91. Theory of Product Pricing Marshall
    92. Theory of Rent Ricardo
    93. Theory of Surplus: value-and exploitation Marx
    94. Time Preference Theory Fisher
    95. Transfer Earnings Mrs. J oan Robinson
    96. Uncertainty-Bearing Theory of Profit Prof. Knight
    97. Vicious Circle of Poverty Ragner Nurkse
    98. Wage Fund Theory J .S. Mill
    99. Wage Theory of Profit Prof. Taussig
    100. Wealth Definition Adam Smith
    101. Wealth Flows Theory Coldwell
    102. Welfare Definition Alfred Marshall
    103. Welfare Economics A.C. Pigou

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