History of Economic Thought Quiz

The economic science available in textbooks can be pretty dull. In the last fifty years, math has become a core component of modern economics, turning centuries-old concepts into mere excuses for mathematical formulas and models. In fact, a popular t-shirt's message among modern economists reads, "economists like to do it with models." However, economics can be fun and interesting if placed in the context of human stories and real-life experiences. Indeed, economist John Maynard Keynes once said, "Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist." Two great books that present economic ideas by narrating the lives of famous defunct economists are "The Worldly Philosophers" and "The Making of Modern Economics." However, you can read about prominent economists' lives for free on-line. Just ask Google or Wikipedia. Moreover, after you read everything you want to know about Adam Smith, John M. Keynes or Joseph Schumpeter, you can test your freely-obtained knowledge with this quick quiz.