Economic Theories and Propounders PDF

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www.ecoholics.in Download the Ecoholics app for full courses on UGC-NET (Paper-1 and Economics), Economics optional for UPSC, Indian Economic Service, Econometrics, Mathematical Economics, RBI Grade-B DEPR etc. Contact Sanat sir +91-7223946092 or Ecoholics Team +91-7880107880. Website - www.ecoholics.in 1|Page  www.ecoholics.in Economic Theories and their Propounders: Theory Propounders Absolute Income Hypothesis J.M. Keynes Thomas Nixon Carver and Albert Aftalion, developed by J.M. Clark Acceleration Principle afterwards Accelerationist Hypothesis Friedman and Phelps Adaptive Expectations Friedman and Phelps Analysis of Differentiated Oligopoly Sylos Asset Choice Theory Tobin Assignment Problem of Balance of Payment Mundell Availability Theory of International Trade Kravis Balanced Growth Rodan, Nurkse, Lewis Behavioural Model of the firm Cyert and March Big Push Theory Rosenstein Rodan Canons of Taxation Adam Smith William Sharpe, Jack Treynor, Capital Assets Pricing Model Markowitz Cardinal utility Marshall Cartels W. Fellner CES Production Function Arrow, Chenery, Minhas and Solow Compensating Variation in Income Hicks Compensation Criteria of Welfare Economics Kaldor and Hicks Concept of Administrative Man Simon Concept of 'ex-ante' and 'ex-post’ Gunnar Myrdal Concept of 'Human Capital’ Prof. Schultz Concept of Natural Order Adam Smith Concept of Public Choice J. Buchanan Concept of Representative Firm Marshall Consumer surplus Prof Marshall Download the Ecoholics app for full courses on UGC-NET (Paper-1 and Economics), Economics optional for UPSC, Indian Economic Service, Econometrics, Mathematical Economics, RBI Grade-B DEPR etc. Contact Sanat sir +91-7223946092 or Ecoholics Team +91-7880107880. Website - www.ecoholics.in 2|Page  www.ecoholics.in Costing Margin Andrews Countervailing Power J.K Galbraith Dialectical Materialism Karl Marx Differential rent Ricardo Disembodied and Embodied Technical Progress R.M. Solow Distributed Lag model of demand Nerlove, Houthhaker Taylor Division of Labour Adam Smith Doctrine of Functional Finance Keynes Drift Hypothesis Tobin and Smithies Dynamic Theory of Profit JB Clark Employment Multiplier R. F. Khan Expansion Effect Prof. Oscar Lange Factor Intensity Reversal Theory Samuelson and Stopler Father of Welfare Economics A.C. Pigou Financial Dualism H. Myint General Possibility Theory Arrow Giffen Paradox Sir Robert Giffen Golden Rule of Accumulation E.S. Phelps Great Spurt Theory A. Gerschenkron Gresham's Law Sir Thomas Gresham Growth Maximisation model of the firm Marris Habit Creation Principle of Demand Houthhakker and Taylor Human Development Index UNDP Hypothesis of resolving St. Petersburg Paradox Bernoulli Ideas of Marginal and Final Utility Gossen Imperfect Competition Mrs. Joan Robinson Impossibility Theorem of Welfare Economics K.J. Arrow Income-Expenditure Theory of the Value of Money Tooke, Wicksell and Keynes Innovation Theory of Profit Schumpeter Download the Ecoholics app for full courses on UGC-NET (Paper-1 and Economics), Economics optional for UPSC, Indian Economic Service, Econometrics, Mathematical Economics, RBI Grade-B DEPR etc. Contact Sanat sir +91-7223946092 or Ecoholics Team +91-7880107880. Website - www.ecoholics.in 3|Page  www.ecoholics.in Innovations Theory of Trade Cycles Schumpeter Input Output Analysis W. Leontief International Socialism Karl Marx Inventory Theoretic Approach W.J. Baumol Inverted U-shaped Hypothesis of Income Distribution S. Kuznets Investment Multiplier J.M. Keynes Iron Law of Wages David Ricardo IS-LM Model Hicks and Hansen Keynesian theory of distribution Kaldor Kinked Demand Curve Prof. P. Sweezy Knife Edge equilibrium Harrod-Domar Law of Concentration of Capital Karl Marx Lerner Parados of a Tariff Prof. Lerner Life Cycle Hypothesis Ando and Modigliani Limit Pricing Joe S. Bain Linear Programming George Dantzig Liquidity Preference Theory J.M. Keynes Loanable Funds Theory of Interest Wicksell. Ohlin, Myrdal, Viner Managerial Discretion Model of the Firms Williamson Marginal Efficiency of Capital J.M. Keynes Clark, Jevons, Walras, Marshall, Hicks, Marginal Productivity Theory of Distribution Wicksteed Maximum Social Welfare Function J. Rawls Measure of Economic Welfare Tobin and Nordhaus Model of Capital Accumulation Mrs. Robinson Model of General Equilibrium Leon Walras Model of Linear Expenditure System R. Stone Model of Migration and employment Harris and Todaro Modern Theory of International Trade B. Ohlin Monetarist Revelation M. Friedman Download the Ecoholics app for full courses on UGC-NET (Paper-1 and Economics), Economics optional for UPSC, Indian Economic Service, Econometrics, Mathematical Economics, RBI Grade-B DEPR etc. Contact Sanat sir +91-7223946092 or Ecoholics Team +91-7880107880. Website - www.ecoholics.in 4|Page  www.ecoholics.in Monetary theory of Inflation Friedman, Hawtrey Monopolistic Competition Prof. E. Chamberlin Multiplier-Accelerator interaction Model of Trade Cycle Hicks and Samuelson N. M. Utility Index Neumann and Morgenstein Net Economic Welfare Paul Samuelson Neutral Technical Progress Prof. JR. Hicks New Welfare Economics Kaldor, Hicks and Scitovsky Opportunity Cost Theory of International Trade G. Haberler Optimum Currency Areas Mundell Ordinal Utility Hicks and Allen Over-Investment Theory of Trade Cycle Hayek Pareto optimality V. Pareto Permanent Income Hypothesis Friedman Physical Quality of Life Index Morris D. Morris Portfolio Selection Model Tobin Price Leadership W. Fellner Principle of Cumulation Gunnar Myrdal Principal of effective Market Classification Mundell Principle of Population Thomas Malthus Product Cycle Theory R. Vernon Pseudo Market Equilibrium Samuelson Psychological Law of Consumption J.M. Keynes Purchasing Power Parity Theory Gustav Cassel Pure Theory of Public Finance Seligman Quantity Theory of Money Irving Fisher Quasi Rent Marshall Real Balance Effect Patinkin Relative Income Hypothesis Duessenberry Risk and Uncertainty theory of Profit Knight Download the Ecoholics app for full courses on UGC-NET (Paper-1 and Economics), Economics optional for UPSC, Indian Economic Service, Econometrics, Mathematical Economics, RBI Grade-B DEPR etc. Contact Sanat sir +91-7223946092 or Ecoholics Team +91-7880107880. Website - www.ecoholics.in 5|Page  www.ecoholics.in Risk Aversion Theory Tobin Sales Maximisation Model W.J. Baumol Say's Law of Markets J.B. Say Scarcity rent Ricardo Sectoral Demand Shift Inflation Theory Schultz Secular Deterioration Hypothesis Prebisch and Singer Secular Swing Prof. Simon Kuznets Social Accounting J.R. Hicks Social Dualism J.H. Boeke Social Welfare Function Bergson and Samuelson Solution to the problem of Duopoly A. Cournot Spread Effect and Backwash Effect Gunnar Myrdal Stages of Economic Growth W.W. Rostow Stock Adjustment Principle of Demand Nerlove Time Element in Price Determination Prof. Marshall Time Preference Theory of Interest Fisher Unbalanced Growth A. O. Hirschman Utility Analysis of Choices Involving Risk M. Friedman and J. L. Salvage Vicious Circle of Poverty Nurkse Voting Models of Welfare Economics Downs and Tullock Wealth Effect A.C. Pigou Welfare Finance Pigou Download the Ecoholics app for full courses on UGC-NET (Paper-1 and Economics), Economics optional for UPSC, Indian Economic Service, Econometrics, Mathematical Economics, RBI Grade-B DEPR etc. Contact Sanat sir +91-7223946092 or Ecoholics Team +91-7880107880. Website - www.ecoholics.in 6|Page