Vilfredo Pareto’s very deductive mathematical models and proofs made the market seem quite mechanistic, an approach most notably rejected by his slightly older contemporary:

Related MCQs

• The economist who spent twenty years cautiously trying out his ideas on his students before finally presenting them to the world near the close of the 19th century was: ]
• The concept of _____ was illustrated by _____ with the quote, “The loss of a little finger would keep the average European from sleeping that night, ... but, provided he never saw them, he will snore with the most profound security over the loss of millions of his brethren.”
• The concept of a “just price” that condemned market forces for yielding unjust results was developed in the writings of:
• Of the following, the thinkers who viewed markets most favorably and who would consequently have been least likely to condemn payments of interest as immoral or unjustified by productivity would have been:
• Management of the economy via extensive regulations and laws specified by the national government is most consistent with:
• In his description of an idealized city-state, Plato did not advocate:
• The ancient Greek philosopher who tried to analyze isolated (one-on-one) exchange because markets with standardized products were relatively rare during his era was:
• V.K.R.V. Rao is remembered for his contribution on:
• Amartya Sen was awarded Nobel Prize in Economics for his contribution to
• The economic theorist who most vociferously opposed using “all else assumed constant” [ceteris paribus] assumptions when building theory was: