Read Chapter 4 – The Great Economic Thinkers

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Contents:

Opening story: The jigsaw puzzle – 71

History of Economic Thought – 72

• Adam Smith – 72

• Karl Marx – 80

• John Maynard Keynes – 86

Exercise 4.1: What’s My Perspective? – 92

The Roles of Government from Three Perspectives – 93

The Big Picture of Economic Thought – 93

VOTE Perspectives (summary) – 96

Test Yourself, Key Terms, Answer Key – 97