IEO Economist Quiz

The economic philosopher who is recognized to found modern macroeconomics?

• N. Gregory Mankiw

• Milton Friedman

• Adam Smith

• John Maynard Keynes

The economist who introduced the theory of comparative advantage?

• John Maynard Keynes

• David Ricardo

• Paul Samuelson

• Thomas Malthus

The thinker who warned that population growth would outstrip food supply?

• Karl Marx

• Amartya Sen

• Thomas Malthus

• Arthur Pigou

The Nobel laureate who coined the term 'creative destruction'?

• Joseph Schumpeter

• Gary Becker

• Ronald Coase

• Friedrich Hayek

The founder of classical economics, famous for the idea of the 'invisible hand'?

• John Maynard Keynes

• Adam Smith

• David Ricardo

• Milton Friedman

Who argued that socialism inevitably leads to tyranny in 'The Road to Serfdom'?

• Karl Marx

• Friedrich Hayek

• James Buchanan

• Amartya Sen

Who introduced the capabilities approach in development economics?

• Paul Krugman

• Amartya Sen

• Elinor Ostrom

• Kenneth Arrow

The economist who proposed a theorem about efficiency under zero transaction costs?

• Ronald Coase

• Joseph Stiglitz

• Gary Becker

• Paul Samuelson

Who introduced the idea of Pareto efficiency?

• Kenneth Arrow

• Vilfredo Pareto

• Robert Lucas

• Arthur Pigou

The pioneer of game theory who developed the concept of equilibrium?

• John Nash

• Joseph Schumpeter

• Milton Friedman

• David Ricardo