Famous

people in
economics
Pirogan Dumitrita
Tiosa Nicoleta
MK gr. II
 What is the economy?
Economics is a social science that studies how individuals,
businesses, governments, and societies allocate resources to satisfy
their wants and needs. It encompasses a broad range of topics and is
often divided into two main branches: microeconomics and
macroeconomics.
 The most famous economists
of the time
1 Adam Smith

2 John Maynard Keynes

3 Milton Friedman

4 Christine Lagarde
Adam Smith Adam Smith is regarded as the father
of modern economics thanks to his
development of a multitude of
foundational economic theories and
concepts on which the discipline was
built. Some of his most influential
contributions include division of labor,
gross domestic product (GDP), and
the theory of the invisible hand..
John Maynard Keynes
John Maynard Keynes, was an English
economist a nd philosopher whose ideas
funda me ntally changed the theory and
practic e of macroeconomics and the
economic policies of governments.O ne
of the most influential economists of the
20th ce ntury, he produced writings that
are the basis for the school of thought
know n as K eynesian economics, and its
various offshoots. His ideas,
reformulated as New Keynesianism, are
funda me ntal to mainstream
macroeconomics. He is known as the
"father of macroeconomics
 Milton Friedman
M i l to n Fr ie d m a n wa s a n Am e r i c a n
e c o n o m i st w h o w o n th e No b e l P r i z e i n
E c o n o m ic s in 1 9 7 6 . On e o f h is
sig n if ic a n t c o n tr ib u tio n s i s
M o n e ta r ism : Fr ie d m a n w a s a
p r o p o n e n t o f m o n e ta r ism , a sc h o o l o f
e c o n o m ic th o u g h t th a t p l a c e s
p a r t ic u l a r im p o r ta n c e o n th e r o l e o f
t h e m o n e y su p p ly in th e e c o n o m y. H e
a rg u e d t h a t tig h t c o n tr o l o f th e m o n e y
su p p l y b y m o n e ta r y a u th o r i t ie s w a s
e sse n t ia l to m a in ta in in g e c o n o m ic
sta b ility.
 Christine
Lagarde
Ch ristin e Lag ard e is a Fr ench law y er
an d po litician cu rren tly serv ing as
p resid en t o f th e Eu r op ean Cen tral
Ban k (ECB). Sh e w as th e f irst w om an
to h o ld th e po st of fin an ce min ister
o f a G -7 co u n try. Fo rb es n am ed h er
th e seco nd mo st p o w er fu l w o man an d
th e 2 2 n d mo st p o w er fu l p erso n in th e
w o r ld in 2 0 1 9
 Curiosity
In 1997, an asteroid was named in honor of Adam Smith

Keynes was, in addition to being an economist, also an art collector. He amassed an impressive collection of
artworks, including works by Leonardo da Vinci and Picasso.

Milton Friedman received honorary degrees from most universities in the world

Before entering the world of economics and finance, Lagarde was a member of the French national synchronized
swimming team and participated in the 1976 Summer Olympics.
 Conclusion
Economics plays a crucial role in shaping public policy, business strategies, and
individual decision-making. It provides a framework for understanding the
complexities of resource allocation and the functioning of economies at various
levels. The field continues to evolve, adapting to new challenges and developments
in the global economic landscape
Each economics personality brings a unique perspective, contributing to the ongoing
debate over the direction of economic policy and financial systems.