Great Economists

Piketty and Heckman on Why Data is Fundamental for Inequality Research and Policy

Lionel Robbins

Léon Walras (1834–1910)

Analyzing a Price Surge

A country is experiencing a rapid increase in the price of housing, making it difficult for many people to afford a home. A politician suggests that the problem is 'corporate greed' and proposes a law to cap all housing prices. From the perspective of a professional who analyzes economic behavior and trends, what would be the most appropriate initial action to understand this situation?

A country's government reports that the national unemployment rate has risen significantly. A professional who studies economic trends is hired to advise on the situation. Which of the following actions best represents the core analytical task this professional would perform to understand the problem?

A city is experiencing severe traffic congestion. Four professionals offer their initial analysis of the problem. Which statement best represents the perspective of an economist?

Match the economic issue with the primary analytical approach a professional who studies the economy would use to understand it.

Economist's Approach to a Policy Debate

The primary function of an economist is to determine the ethical and moral rightness of a government's economic policies.

Evaluating a Minimum Wage Policy

Evaluating Economic Analyses of Inflation

Analyzing a Public Policy Proposal

Economic Historians

William Nordhaus

Michael Spence