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Who Is The Greatest Economist of All Time?

Nominate and vote for the most influential economist in history, considering their contributions to economic theory, policy, and global impact.

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#1 Ranked Submission

Who Is The Greatest Economist of All Time?

Carl Menger (1840-1921)

As the founder of the Austrian School of Economics, this economist was a key figure in the Marginalist Revolution. In Principles of Economics, the concept of marginal utility was introduced, arguing that the value of a good is not determined by the labor embodied in it but by its capacity …

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#2 Ranked Submission

Who Is The Greatest Economist of All Time?

Vilfredo Pareto (1848-1923)

An Italian engineer, sociologist, and economist, this thinker made significant contributions to microeconomics and welfare economics. Known for developing the concept of Pareto efficiency (or Pareto optimality), a state of resource allocation where it is impossible to make any one individual better off without making at least one individual worse …

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#3 Ranked Submission

Who Is The Greatest Economist of All Time?

John Stuart Mill (1806-1873)

A prominent classical economist and philosopher, this thinker refined and expanded upon the ideas of earlier classical economists. While a strong advocate for individual liberty and utilitarianism, there was also a belief in the potential superiority of a socialist system characterized by worker-owned cooperatives. This economic thought balanced principles of …

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#4 Ranked Submission

Who Is The Greatest Economist of All Time?

Friedrich Hayek (1899-1992)

A leading figure of the Austrian School of Economics and a Nobel laureate, this economist made profound contributions to understanding the role of knowledge and prices in a market economy. It was argued that the price system acts as a vast information-processing mechanism, coordinating the actions of millions of individuals …

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#5 Ranked Submission

Who Is The Greatest Economist of All Time?

Adam Smith (1723-1790)

This economist, considered the father of modern economics, in works like The Wealth of Nations, introduced the concept of the "invisible hand," suggesting that individuals pursuing their own self-interest in a free market can unintentionally promote the overall economic well-being of society. The theory emphasized the benefits of the division …

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