Match the economist with their contribution: Macroeconomics | Lumping method Adam Smith | Father of Economics Alfred Marshall | General equilibrium Microeconomics | Principles of E... Match the economist with their contribution: Macroeconomics | Lumping method Adam Smith | Father of Economics Alfred Marshall | General equilibrium Microeconomics | Principles of Economics
Understand the Problem
The question is asking you to match economists with their contributions to economics. The concepts to match include macroeconomics, Adam Smith, Alfred Marshall, and microeconomics with descriptions such as 'lumping method', 'father of economics', 'general equilibrium', and 'principles of economics'.
Answer
Adam Smith is the Father of Economics. Alfred Marshall wrote Principles of Economics. Macroeconomics uses the lumping method. Microeconomics deals with general equilibrium.
Here's the match of economists with their contributions:
- Adam Smith: Father of Economics
- Alfred Marshall: Principles of Economics
- Macroeconomics: Lumping method
- Microeconomics: General equilibrium
Answer for screen readers
Here's the match of economists with their contributions:
- Adam Smith: Father of Economics
- Alfred Marshall: Principles of Economics
- Macroeconomics: Lumping method
- Microeconomics: General equilibrium
More Information
Adam Smith is widely regarded as the 'Father of Economics' due to his book 'The Wealth of Nations'. Alfred Marshall's 'Principles of Economics' was a leading textbook in economics for many years.
Tips
A common mistake is confusing Adam Smith and Alfred Marshall's contributions, but remembering Smith as the 'Father of Economics' can help.
Sources
- Economics - Wikipedia - en.wikipedia.org
- History of economic thought - Wikipedia - en.wikipedia.org
- Big Three in Economics: Adam Smith, Karl Marx, and John Maynard ... - library.fa.ru
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