John Maynard Keynes (1883 - 1946) brought a revolution in economics theories and has laid the foundation of modern macroeconomics. Though being from the Marshallian school, he came up with his own theories mainly based on Aggregate Demand.
Get more on John Maynard Keynes from the following mindmap:
Learn more on John Maynard Keynes and his work from the following publications:
Wednesday, March 2, 2011
Karl Marx in a Mindmap
Considered as the father of communism, Karl Marx (1818 - 1883) influenced several political parties. He advocated a society where there is collective ownership and control of resources. He believes in the downfall of capitalist society where according to him the working class is exploited.
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Read more on Karl Marx and his ideologies from the following publications:
Alfred Marshall in a Mindmap
Famous economist Alfred Marshall (1842-1924) is considered as the one who introduced the concept of demand and supply as well as the concept of elasticity. His was closely associated with the University of Cambridge for having been successively a student, lecturer in mathematics and Chair of Political Economy.
Learn more about Alfred Marshall in the following mindmap.
Learn more on Alfred Marshall from the following publications:
Learn more about Alfred Marshall in the following mindmap.
Learn more on Alfred Marshall from the following publications:
Labels:
Alfred Marshall,
demand and supply,
economics,
marginalist,
market equilibrium,
mindmap,
price elasticity
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