Wednesday, April 24, 2013

Adam Smith : Philosopher

Adam Smith
Philosopher
Adam Smith was a Scottish moral philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Adam Smith is best known for two classic works: The Theory of Moral ... Wikipedia
Born: June 16, 1723, Kirkcaldy
Died: July 17, 1790, Edinburgh

John Maynard Keynes : Economist

John Maynard Keynes
Economist
John Maynard Keynes, 1st Baron Keynes, CB, FBA was a British economist whose ideas have fundamentally affected the theory and practice of modern macroeconomics, and informed the economic policies of governments. Wikipedia
Born: June 5, 1883, Cambridge
Died: April 21, 1946, East Sussex
Party: Liberal Party

Milton Friedman : Economist

Milton Friedman
Economist
Milton Friedman was an American economist, statistician, and writer who taught at the University of Chicago for more than three decades. Wikipedia
Born: July 31, 1912, Brooklyn
Died: November 16, 2006, San Francisco
Height: 1.52 m
Awards: Nobel Memorial Prize in Economic Sciences, More

A term used by Economists

ex·ter·nal·i·ty  

/ˌekstərˈnalitē/
Noun
  1. A side effect or consequence of an industrial or commercial activity that affects other parties without this being reflected in the cost...
  2. The fact of existing outside the perceiving subject.
In Soprano's terms: Let somebody else deal with my problem/s even though they had nothing to do with it. "Being at the wrong place at the wrong time." Stray-Bullet