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Work on welfare economics and development. Key idea: Capabilities Approach.

Known for the Laffer Curve, illustrating tax rates and revenue. Key idea: Supply-Side Economics.

Originator of the Coase Theorem. Key idea: Transaction Costs.

First American Nobel Laureate in Economics. Key idea: Foundations of Economic Analysis and modern economic theory.

Known for his theories on business cycles and development. Key idea: Creative Destruction.

Key proponent of Classical Liberalism. Key idea: The Road to Serfdom - critique of central planning.

Known for applying economics to social issues. Key idea: Economic approach to human behavior.

Contributions to the theory of interest and the quantity theory of money. Key idea: Fisher Equation.

Developed the Solow-Swan model of economic growth. Key idea: Exogenous Growth Theory.

Research on international economics and economic geography. Key idea: New Trade Theory.

Father of Modern Economics and author of 'The Wealth of Nations'. Key idea: Invisible Hand

Known for his work in welfare economics and social choice theory. Key idea: Arrow's Impossibility Theorem.

Contributions to Keynesian economics and finance. Key idea: Life-Cycle Hypothesis.

Leader of the Chicago School of Economics. Key idea: Monetarism and Free Market philosophy.

Prominent Classical Economist. Key idea: Theories of liberty and utilitarianism.

Contributions to the development of modern economic thought. Key idea: Countervailing Power.

Known for his theories about financial instability. Key idea: Minsky Moment.

Originator of Malthusianism. Key idea: Population growth can outpace food supply leading to crisis.

Known for his work in macroeconomics and rational expectations. Key idea: Lucas Critique.

Known for his work on globalization and development economics. Key idea: The Globalization Paradox.

Research on information asymmetries and market failure. Key idea: Information Economics.

Introduced concepts of bounded rationality and satisficing. Key idea: Administrative Behavior.

Influential Classical Economist. Key idea: Comparative Advantage and Law of Rent.

Tobin was instrumental in developing the ideas of Keynesian economics. Key idea: Tobin's Q.

Founder of Marxist Economics. Key idea: Labor Theory of Value and class struggle.

Neoclassical Economics proponent. Key idea: Principles of Economics and the elasticity concept.

Notable for his work in economic history and institutional economics. Key idea: Institutions matter in economic development.

Major figure in the Austrian School of Economics. Key idea: Praxeology and Economic Calculation Problem.

Founder of Keynesian Economics. Key idea: Government intervention can stabilize economies.