Who is the best known economist from the 1850s?
Now that’s a question that might lead to a provocative
Let’s get you started on your research with a short
visit to the Federal Reserve
Bank of San Francisco’s Educational Resources Website.
Under the Publications banner on this page you will find
a link to:
Economists and Their Times
The “Great Economists” Website features:
- A list of several famous economists (all deceased prior
- Descriptions of major historical schools of economic
- An economic timeline from 1730 to 1990.
Your choices from the Great Economists list who were active
studying and writing about economics in the 1850s is limited
to a small group, but it is a stellar one:
The last of the great economists of the Classical School,
he denied the doctrine that society could not alter the existing
distribution of income.
Intellectual father of modern day Marxist economics, he
predicted that capitalism would be ultimately destroyed by
its own inherent contradictions.
Walras, on the left with Marshall and Veblen
He revolutionized economics with his rigorous mathematical
formulation of the mechanics of the price system.
Finally, although he died in 1823, another 19th Century
Classical economist whose work made a significant contribution
to economic literature during the period was David Ricardo.
Ricardo, on the left, with Malthus
His theory that landlords enriched themselves at the expense
of society led him to campaign tirelessly in Parliament and
in print for free trade.
Great Economists and Their Times also highlights the following
famous early economists: Adam Smith (1723-1791) and Thomas
Malthus (1766-1834), and well-known later economists, Alfred
Marshall (1842-1924), Thorstein Veblen (1857-1929), John
Maynard Keynes (1883-1946), and Irving Fisher (1867-1947).
of April 2006)