There have been numerous
philosophers and even thinkers in
economics who have put forward their theories. This paper discusses
two major
philosophers of
economics, Adam Smith and John Maynard Keynes. It looks at how Adam Smith, known commonly as the father of modern economics, influenced the growth of economic theory and the evolution of modern, market-based societies. It also discusses how the second great revolution in economic thought was by John Maynard Keynes and how his theory of Employment, Interest and Money bestows to academia a different way of looking at the aggregate economic universe. Outline Introduction Adam Smith John Maynard Keynes Conclusion