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NAQT Economists
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Avg score: 28% • Most missed: “Principles of Political Economy and Taxation”
NAQT Economists
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25 Questions

1. The Theory of Business Enterprise

2. 'invisible hand'

3. The Theory of Moral Sentiments

4. The Methodology of Positive Economics; argues that the science of economics should be free of value judgements

5. A Monetary History of the United States, authored with Anna Schwartz; argues that the US should have just increased the money supply during the GD

6. rejected his own theory that deficit-based spending cannot increase demand because consumers can predict a future tax increase

7. This man argued that temporary changes in economic conditions or policies had unusually small impacts on consumer habits in A Theory of the Consumption Function, which outlined his permanent income hypothesis

8. sharer of the 2001 Nobel for his studies of information asymmetry, an economist at Columbia who wrote 'Globalization and its Discontents'

9. 'sympathy' of an 'impartial spectator'

10. The New Industrial State

11. The Theory of the Leisure Class; introduces phrases like 'conspicuous consumption'

12. wrote The Conscience of a Liberal and won the 2008 Nobel Prize

13. Principles of Economics (introduced the ideas of consumer surplus, quasi-rent, demand curves and elasticity)

14. macroeconomic theory is modelled by John Hicks' IS-LM model

15. 'liberal paradox' shows that a commitment to Pareto Optimimality is not possible

16. presented Keynesian theory in a IL/LM diagram

17. there is a 'natural' rate unemployment

18. stated that a lack of transaction costs will always minimize externalities in his namesake theorem

19. had the notion that land was the source of all wealth

20. law of rent

21. Poverty and Famines

22. theories underwent a resurgence upon the publication of 'Production of Commodities by Means of Commodities' by Piero Sraffa

23. A Treatise on Probability

24. The Affluent Society

25. An Essay on the Principle of Population (theorizes that the world's population growth would outstrip its ability to produce food)

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