Economists

Question 1

Thomas Malthus

Answer 1

There is limited food to support the population

This came from him seeing industrilization in London

Question 2

John Maynard Keynes

Answer 2

Large scale government investment into the economy

Influenced by high rates of unemployment

Question 3

Milton Friedman

Answer 3

1950s when market is rising and the consumer is becoming more empowered

Promoted a free market

Anti-inflation, end military draft, school vouchers

Question 4

John Kenneth Galbraith

Answer 4

Defended price controls during WW2

Famously wrote the “Affluent Society”

Critic of conventional wisdom

Thought big corporations got in the way of the market