Question

Match each economist to his economic belief.

Answer 1

Adam Smith - Competition is a regulatory force

Friedrich von Hayek - Less government intervention gives  people more economic freedom

Milton Friedman - Government should not control the  money supply

John Maynard Keynes - Government intervention is necessary  for stability

Adam Smith was an economist and social philosopher of Scottish Enlightenment and is considered the Father of Modern Economics. And was the first moral philosopher to recognize that market stocks deserved careful, full-time study in a modern discipline of social science.

Friedrich von Hayek was an Austrian economist and is considered one of the founders of the Austrian school of economic thought. He was noted for his defenses about economic liberalism, and for his theses about the role of government in the economy.

Milton Friedman  winner of the 1976 Nobel Prize in Economics, Milton Friedman was a leading American economist and statistician. Professor at the University of Chicago, stood out for his theories in defense of the free market.

John Maynard Keynes one of the most important economists in history, and he is considered by most environmental scholars to be the precursor to the concept of macroeconomics. John was also very influential in devising plans for the state to be able to reverse economic crises, his concepts serving as the basis for building economic policies of various countries in the West after World War II.