Did you know that Adam Smith, often referred to as the Father of Economics, wrote the groundbreaking book The Wealth of Nations in 1776? This work laid the foundation for modern economic theory and promoted the idea of free markets and capitalism. Another famous economist is John Maynard Keynes, whose ideas revolutionized economic policy during the Great Depression. Keynes advocated for government intervention to stabilize the economy through fiscal and monetary policies. Milton Friedman, known for his advocacy of free-market principles, won the Nobel Prize in Economics in 1976. His work focused on the role of money supply in determining inflation and economic growth. Nobel laureate Amartya Sen is known for his work on welfare economics and social choice theory. He emphasized the importance of individual freedoms and capabilities in achieving economic development. Paul Krugman, a prominent economist and New York Times columnist, is known for his work on international trade and economic geography. He has been a vocal critic of austerity measures and has advocated for government stimulus during economic crises. These economists have made significant contributions to the field of economics and continue to influence economic theory and policy making around the world.