|develop and apply theories and concepts from economy, so as of economic politics. This career is complex, and also overcomes the |
|fields of administration and accounting, since it comprehends philosophical theories, movements of market, macroeconomicanalysis, |
|or microeconomics, or financial analysis, which involves analytical methods such as econometrics, statistics, economics models |
|around the world, financial economy, and mathematics. |
|Economists are employed in banking, finance, accountancy, commerce, marketing, business administration, enterprises,governments, |
|and organizations, with or without profit intentions. Politicians often consult economists before enacting any policy, to assess the|
|possible results of its application in the society. |
The Nobel Memorial Prize, established by Sveriges Riksbank in 1968, is a prize awarded only to economistseach year for their intellectual contributions in the field of economics. The prize winners are announced in October every year. They receive their awards (a big amount of money, a gold medal and a diploma) on December 10, the anniversary of Alfred Nobel's death.
According to history, the first economists were found in the Ancient Greek, with the fundaments of Aristotle (382-322 BC) in his workTopics, about the topic of human production referred to the gains obtained of a job by barter. Xenophon (431-355) also wrote extensively on the Athenian economy in his book Economics. And according to Praveen Attri, “the pioneer economist of the world" was Chanakya (350-283 BC) an adviser and prime minister to the first Emperor named Chandragupta from 340-293 BC.
In the 1700s, one of the firsteconomic writers was the french Richard Cantillon (1680-1734), who wrote the thesis “Essai Sur la Nature du Commerce en Général”. The first founders of economic concepts include the Scottish philosopher, economist, and historian named David Hume (1711-1776), and the English demographer and political economist Thomas Malthus (1766-1834), also David Ricardo (1772–1823), and the Scottish moral philosopherand political economist Adam Smith (1723-1790). Other developers of economic concepts include the British philosopher, political economist John Stuart Mill (1806–1873); the french economist and free trade negotiator Jean-Baptiste Say (1767–1832); the Prussian philosopher, political economist, and revolutionary Karl Marx (1818–1883); the French liberal theorist and political economist, FrédéricBastiat (1801–1850); and the English economist and logician William Stanley Jevons (1835-1882).
Founders of important economic concepts who were alive during the 20th century include the Austrian economist Eugen von Böhm-Bawerk (1851–1914); the founder of the Austrian School of economics, Carl Menger (1840–1921); the british economist, who was developer of Keynesian economics, and father founder ofmodern macroeconomy John Maynard Keynes (1883–1946); the American economist, Irving Fisher (1867-1947); the German economist and proponent of the social market economy, Wilhelm Röpke (1899-1966); and lately the american economists, Nobel Prize Laureate and proponent of the Tobit model, James Tobin (1918-2002); but also is important to mention the american economist, public intellectual, andpromoter of laissez-faire capitalism, known as Milton Friedman (1912–2006).
Current well-known American economists include the 2008 Nobel Memorial Prize in Economics winner Paul Krugman, a public intellectual, advocate of modern liberal policies, known for his descriptions of the influence of the financial crisis in the world, specially in undeveloped countries with inequality in the social classes...