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Terms in Important Personalities

This container holds additional informations about important people.


  • Adam Smith (1)
  • Ante Marković (1)

    (born on 25. november 1924. in Konjic, Bosnia and Herzegovina), he was the last prime minister of the Socialist Federal Republic of Yugoslavia.

    At the end of 1989, Marković launched a new and ambitious program of unprecedented economic reforms, including stabilization of currency and privatization, as well as a program of limited trade liberalization. The result of his monetary reform was a temporary halt to inflation leading to a short-lived rise in Yugoslavia's otherwise plummeting standard of living.


  • Ayn Rand (2)



  • Milton Friedman (5)

    (July 31, 1912 – November 16, 2006) was an American economist, statistician and public intellectual, and a recipient of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

    He is best known among scholars for his theoretical and empirical research, especially consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.[1] Over time, many governments followed his restatement of a political philosophy that insisted on minimizing the role of government in favor of the private sector. As a leader of the Chicago School of economics, based at the University of Chicago, he had a widespread influence in shaping the research agenda of the entire profession. Friedman's many monographs, books, scholarly articles, papers, magazine columns, television programs, videos and lectures cover a broad range of topics in microeconomics, macroeconomics, economic history, and public policy issues.

    The Economist hailed him as "the most influential economist of the second half of the 20th century…possibly of all of it".



  • Ron Paul (3)

    Ronald Ernest Paul, M.D. (born August 20, 1935 in Pittsburgh, Pennsylvania) is an American physician and Republican Congressman for the state of Texas. Paul is a member of the Liberty Caucus of Republican congressmen which aims to limit the size and scope of the federal government, and serves on the House Foreign Affairs Committee, the Joint Economic Committee, and the Committee on Financial Services, where he has been an outspoken critic of American foreign and monetary policy.

    Paul has run for President of the United States twice, first in 1988 as the nominee of the Libertarian Party and again in 2008 as a Republican.

    He is the founder of the advocacy group Campaign for Liberty and his ideas have been expressed in numerous published articles and books, including The Revolution: A Manifesto (2008).


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