Microeconomics,, 16th Canadian Edition

opposition to the methods that Marshall was putting forward. History has shown that both the partial and the general equilibrium ...

In 1899, Veblen published The Theory of the Leisure Class, in which he sought to apply Charles Darwin’s evolutionism to the stud ...

Vilfredo Pareto (1848–1923) Vilfredo Pareto was an Italian, born in Paris, and was trained to be an engineer. Though he actually ...

Pareto built on the system of general equilibrium that Walras had developed. In his Cours d’économie politique (1897) and his Ma ...

Joseph Schumpeter was born in Triesch, Moravia (now in the Czech Republic). He was a university professor and later a minister o ...

John Maynard Keynes (1883– John Maynard Keynes was born in Cambridge, England. His parents were both intellectuals, and his ...

Alfred Marshall and Arthur Pigou. His career included appointments to the Treasury in Britain during both world wars, a leading ...

of aggregate demand, which would offset any increase in employment. Keynes argued that unemployment could be cured only by manip ...

Edward Chamberlin was born in La Conner, Washington, and received his Ph.D. from Harvard University in 1927. He became a full pr ...

Friedrich August Von Hayek (1899–1992) Friedrich von Hayek was born in Vienna and studied at the University of Vienna, where he ...

Carl Menger). He held academic positions at the London School of Economics and the University of Chicago. He returned to Europe ...

coordination problem has had a major influence on contemporary economic thought. Hayek was also prominent in advocating the virt ...

Milton Friedman completed graduate studies in economics at the University of Chicago and at Columbia University, where he receiv ...

macroeconomic theory that emphasized the importance of forward-looking consumers. In 1963, he co-authored with Anna Schwartz his ...

John Kenneth Galbraith (1908– John Kenneth Galbraith was born on a farm in southeastern Ontario, to a family of Scottish-Can ...

Galbraith was heavily influenced by the ideas of John Maynard Keynes, Thorstein Veblen, and the “institutional” school of econom ...

economics, politics, and society, he was often criticized (or ignored) by mainstream economists. But he was undeterred. And whil ...

U.S. Army Air Corps during World War II and held various research jobs while searching for a dissertation topic. His dissertatio ...

Arrow was awarded the Nobel Prize in 1972 (jointly with British economist John Hicks) and in 2004 was awarded the National Medal ...

Paul Samuelson was born in Gary, Indiana, the son of a drugstore owner. He received his Ph.D. in economics in 1941 from Harvard ...