Samuelson
Keynes
Bernard Mandeville
Pigou
Answer is Right!
Answer is Wrong!
The correct answer is: C. Bernard Mandeville.
Bernard Mandeville was an English economist, physician, and satirist who is best known for his 1705 book The Fable of the Bees: or, Private Vices, Publick Benefits. In this book, Mandeville argued that the vices of individuals, such as greed and selfishness, can actually lead to the common good. He famously wrote that “private vices, by the dextrous management of a skillful politician, may be turned into public benefits.”
Mandeville’s ideas were controversial at the time, and he was accused of being a defender of vice. However, his work has had a lasting influence on economic thought, and he is considered to be one of the founders of modern economics.
The other options are incorrect.
- A. Samuelson was an American economist who is considered to be one of the most important economists of the 20th century. He is best known for his work on general equilibrium theory and welfare economics.
- B. Keynes was an English economist who is considered to be one of the most important economists of the 20th century. He is best known for his work on macroeconomics and his theory of economic fluctuations.
- D. Pigou was an English economist who is considered to be one of the founders of welfare economics. He is best known for his work on externalities and his Pigovian taxes.