Adam Smith

John Adam Smith was born in Kirkcaldy,

Scotland, June 5, 1723 and died in
Edinburgh, Scotland. He was a Scot
philosopher who became a pioneer of
modern economics. At age 13, Adam
Smith entered the University of
Glasgow, where he studied moral
philosophy under Francis Hutcheson.
Here, Adam Smith developed a strong
desire for freedom, reason, and free
speech. In 1740 he was awarded the
Snell exhibitin and entered Ballil
Campus, Oxford, since William Robbert
Scott believes would negatively eat
Oxford University Adam Smith left the
campus in 1746.
In 1748, Smith began studying at Edin burgh under the guidance of Lord
Kames. Most of his college offensive rhetoric and belles-lettres. In 1751
Smith was appointed chairman of the board at the University lgika Glasgoow,
was transferred in 1752 to the Board of moral philosophy Glasgow, once
occupied by the famous teacher Francis Hutcheson. Kuiahnya include ethics,
rhetoric, jurispundens, political economy and "the police and gain" In 1759
he published his Theory of Moral Sentiments, incorporated most studies in
Glasglow. In 1778 Smith was appointed to a post as commissioner of
customs in Scotland and lived with his mother in Edinburgh. In 1783 he
became one of the founders of the Royal Society of Edinburgh from the year
1787 to 1789 he had the honor of Lord Rector of the University of Glasgow.
He died in Edinburgh on July 17, 1790 due to a serious illness and was buried
in the Canongate Kirkyard.
The book is very famous in the world economy is titled "The Wealth Of
Nations" (1776). In this book he states that human progress and social order
of a society will be created if each individual that is in them pursuing their
own interests.

Hernando De Soto
Hernando de Soto was born in Arequipa, 3 June
1941 he was an economist from Peru who was
known in the informal economy. He currently
serves as a director of Freedom and Democracy
Institute (Institude for Liberty and Democracy),
in Lima, Peru. ie a independent.Ayahnya
research institutions is a Peruvian diplomat.
After the military coup in Peru in 1948, his
father chose exile in Europe, bringing his wife
and two young children with him. De Soto was
educated in Switzerland, where he did postgraduate work at the Institute of Graduate
Studies. International in Geneva.

He then worked executives, economists and consulting company. He

returned to Peru at the age of 38, his brother Alvaro served in the diplomatic
corps in Lima Peru, New York and Geneva and was seconded to the United
Nations in 1982, he retired from the UN in 2007 with the title of Assistant
Secretary-General. He is well known as an international adviser.
Hernando De Soto in 2000 wrote a book titled "The Mystery of Capital",
which provide input to the discipline of economics and economic activities of
developing countries. In this book mentioned that the real property owned by
developing countries very much. The absence of legal system and the state
revenue. Corruption and collusion and fraud practices law makes property
owned many developing countries there is no means of developed countries
lies in the fact that the benefits are already well-established legal system.
Milton Friedman
Milton Friedman was an American economist and public intellectual. He died
in San Francisco (California), due to heart failure on November 16, 2006 Born

in New York, July 31, 1912 and he is the youngest

of four siblings of children of Jewish immigrant
family from Ukraine.
He has contributed a number of ideas in macroeconomics, micro-economics, economic history,
and statistics kepengacaraankapitalisme laissezfaire. In 1976, he received the Nobel Prize Award
"for achievements in the fields of consumption
analysis, monetary history and theory, and a
demonstration of the complexity of stabilization
policy"
Milton advocated the goodness of the free market system and the need to
minimize government regulations. He opposes to the flow of aggregate
demand in the repair Keynes. The policy makes the economy unstable thinks.
Instead, he suggested the government increase the money supply at a rate
equal to the increase in national output to eliminate the long-term trend of
inflation. This flow is very influential in the 1980s. He also explains why we
appreciate the paper money. This view is contained in a book entitled "Free
to Choice" (1980), written with his wife Rose Friedman, they explain that all
people want to accept the money, because he believes that other people are
also willing to accept it and the other books of "Capitalism and Freedom "in
1962," A Monetary History of the United States "in 1963," Dollars and deficits
"in 1968," A Theoretical Framework for Monetary Analysis "1971, and" Free
to Choice "in 1980.