John Maynard Keynes, one of the most influential economists once remarked:” The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe they to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist”.
Most of the ideologies of the modern world have been shaped by prominent economists of the past like Prof Adam Smith, David Ricardo, J.S.Mill, Karl Marx, and J.M.Keynes and current world leaders seek the advice and policy suggestions of today’s economists.
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