1. Topic: What Contribution Did Adam Smith And John M. Keynes Make To The Study Of Economics?
... M. Keynes make to the study of economics? Adam Smith was the founder of economics, as we know it today. His thoughts have shaped modern ideas about the market economy and the role of the state in relation to it. Smith laid the intellectual framework that explained the free market (which still holds true today) and laissez-faire. Both are connected with the underlying theme of economic ... is self-explanatory. He is most often recognized for the expression "the invisible hand," which he used to demonstrate how self-interest guides the most efficient use of resources in a nation's econom...
- Word Count: 1299
- Approx Pages: 5
- Grade Level: Undergraduate