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Which famous economists were known to contribute alongside Allais to neoclassical synthesis?
John Hicks and Paul Samuelson
Adam Smith and David Ricardo
John Stuart Mill and Thomas Malthus
Karl Marx and Friedrich Engels
Answer
Hicks and Samuelson, prominent figures in economics, joined forces with Allais to shape neoclassical synthesis. This economic approach integrated Keynesian macroeconomic theories with microeconomic foundations from neoclassical economics, reconciling the two schools of thought. Their collaboration marked a significant turning point, forging a bridge between these theoretical perspectives and paving the way for further advancements in economic analysis.
The Master of Modern Economics: The Maurice Allais Quiz
More Questions
Where was Maurice Allais born?
Which prestigious institutions did Allais attend?
What was one of the roles Allais held at the École Nationale Supérieure des Mines de Paris?
In which year did Maurice Allais receive his doctor-engineer title?
Who among these was NOT considered as Maurice Allais’s primary influence?
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