Believed that commodity exporters would eventually Commodity Prebisch (Raul) see a decline in their real terms of trade and argued for prices rapid industrialisation Plots the changing centre of gravity in the world Quah (Danny) Globalisation economy the gradual shift of economic and political – power to the south east International Created the basic theory of comparative advantage still Ricardo (David) trade the bedrock of standard trade economics Created the Solow neo-classical growth model which Solow (Robert) Economic growth links capital investment & productivity growth to a nation’s sustainable growth rate Built understanding of the dynamics of monopolistic Concentrated Tirole (Jean) and oligopolistic markets arguing for a case by case markets approach when regulating them Management Has made extensive studies of the role that variations in Van Reenen and Human the quality of business management can have on (John) Capital competitiveness and growth Behavioural Williamson Helped to build theories of management-run businesses theories of the whose objectives may differ from owners (Oliver) firm Founding Father of the Grameen Bank and the idea of Yunus Poverty and micro finance now focusing on the roles that social – (Mohammad) growth entrepreneurship can play Your home of A2 Economics revision:
Prebisch (Raul) Commodity prices Believed that commodity exporters would eventually see a decline in their real terms of trade and argued for rapid industrialisation Quah (Danny) Globalisation Plots the changing centre of gravity in the world economy – the gradual shift of economic and political power to the south east Ricardo (David) International trade Created the basic theory of comparative advantage still the bedrock of standard trade economics Solow (Robert) Economic growth Created the Solow neo-classical growth model which links capital investment & productivity growth to a nation’s sustainable growth rate Tirole (Jean) Concentrated markets Built understanding of the dynamics of monopolistic and oligopolistic markets arguing for a case by case approach when regulating them Van Reenen (John) Management and Human Capital Has made extensive studies of the role that variations in the quality of business management can have on competitiveness and growth Williamson (Oliver) Behavioural theories of the firm Helped to build theories of management-run businesses whose objectives may differ from owners Yunus (Mohammad) Poverty and growth Founding Father of the Grameen Bank and the idea of micro finance – now focusing on the roles that social entrepreneurship can play Your home of A2 Economics revision:
AZ_Economists_A2_Macro.docx