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Smith, Marx, Keynes
Adam Smith, a Scottish Economist, was baptized on June 5, 1723. The exact date of his birth is unknown. In 1759 he published his Theory of Moral Sentiments, but it wasn't until he moved to London in 1776, that he established himself as a source of contemporary economic thought. Smith published "An Inquiry into the Nature and Causes of the Wealth of Nations," which examined in detail the consequences of economic freedom. The idea of the "invisible hand," now called market mechanism, explained the three core questions of economics. Because of this, he was even more convinced that the laissez faire economy would have the public's welfare in it's best interest. After his death in 1790, it was discovered that he has dedicated most of his income to several charities.
The philosopher, social scientist, historian and revolutionary, Karl Marx, has greatly influenced the development of socialist thought. Many scholars have considered Marx a great economic......

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