Adam Smith vs. John Maynard Keynes
Economics was a subject of which few thought about consciously until the eighteenth century. It is true that since the beginning of time people have used economics, but it was seldom given any thought. When a caveman traded a buffalo for a new club he did not have the knowledge that he affected the entire caveman economy and their way of life. Adam Smith is accredited as being the most influential economist of the eighteenth century and for all practical purposes one of the first economists that anyone has ever heard of.
Ironically, Adam Smith's great eco…
