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11 figures

Adam Smith

1723 – 1790

The Wealth of Nations founded economics as a discipline.

United Kingdom·Economics · Philosophy

David Ricardo

1772 – 1823

Comparative advantage and rent theory — still the core argument for trade.

United Kingdom·Economics · Political Economy

John Maynard Keynes

1883 – 1946

Argued governments should spend in a slump — and every modern state now does.

United Kingdom·Economics · PoliticsFull profile

Joseph Schumpeter

1883 – 1950

Creative destruction — the standard account of how innovation reshapes industries.

Austria·Economics · Business

Gunnar Myrdal

1898 – 1987

Cumulative causation and the economics of racial inequality in America.

Sweden·Economics · Political EconomyNobel

Friedrich Hayek

1899 – 1992

Prices as information; the intellectual engine of late-century market liberalism.

Austria·Economics · Political EconomyNobel

John von Neumann

1903 – 1957

Computer architecture, game theory, quantum foundations.

Hungary·Mathematics · Computing · Economics

Joan Robinson

1903 – 1983

Imperfect competition and a lifelong challenge to orthodox capital theory.

United Kingdom·Economics · Political Economy

Mariana Mazzucato

b. 1968

The Entrepreneurial State reframed public investment as the source of major innovation.

Italy·Economics · Political Economy

Thomas Piketty

b. 1971

Capital in the Twenty-First Century put wealth inequality data at the centre of policy.

France·Economics · Political Economy

Esther Duflo

b. 1972

Randomised trials made development aid an experimental science.

France·EconomicsNobel