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Let's Start REVISION ( 7:00 - 10:00 Am) the Whole Economics + BCK Again ✍️
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1. Joel Dean - Business Economics
2. JB Say - Economics is science of growth
3. Nicholas Kaldos - Cobweb
4. HA Simon - Satisfying Behavior
5. Olaf Hamler - Delphi Method/Expert Opinion
6. Hicks & Allen - Indifference Curve
7. Adam Smith - definition of Wealth
8. L Robbins - Scarcity of resources//positive science
9. Samuelson - Growth of business
10. AC Pigou - Welfare in economy/business // optimism & pessimism
11. F Knight - Risk
12. Schumpeter - Innovation
13. A.A Berle & GC Means - Separation of management and ownership
14. Williamson - Profit Maximization
15. Baumol - Revenue Maximization
16. RL Marris - management goal of stability & growth
17. Paul Sweezy - kinked demand curve
18. Hawtrey - Monetary
19. Karl Marx - Socialist Economy
20. Alfred Marshal - Time concept
21. Cyert & March - 4 possible functional goals: production, inventory, sales, market
22. Chamberlin - Group Behavior
23. Cobb Douglas - 1/4 = Capital & 3/4 Labour
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