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List of prominent scholars and the work in field of economics

List of prominent scholars and the work in field of economics  Adam Smith - "The Wealth of Nations" (1776) - Laid the foundation for classical economics. John Maynard Keynes - "The General Theory of Employment, Interest, and Money" (1936) - A key figure in the development of modern macroeconomics. Milton Friedman - "A Monetary History of the United States" (1963) - Championed monetarism and free-market principles. Amartya Sen - Work on welfare economics and development, notably "Development as Freedom" (1999). Paul Krugman - Contributions to international trade theory and economic geography. Won the Nobel Prize in 2008. Joseph Stiglitz - Work on information asymmetry, development economics, and global economic issues. Nobel Prize in 2001. Thomas Piketty - "Capital in the Twenty-First Century" (2013) - Analyzed wealth and income inequality over time. Gary Becker - Pioneer in the field of human capital theory and the economic anal

Differentiation Mathematical Economics

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Differentiation Mathematical Economics  Formulas: Differentiation is a process of calculating a function that represents the rate of change of one variable with respect to another. Differentiation and derivatives have immense application not only in our day-to-day life but also in higher mathematics. : white; color: #353535; font-family: Merriweather, Merriweather-Fallback, "Times New Roman", "Times, Serif"; margin: 0px 0px 1em; padding: 0px;"> Differentiation Definition : Let’s say y is a function of x and is expressed as \(y=f(x)\). Then, the rate of change of “y” per unit change in “x” is given by \(\frac{dy}{dx} \). Here, \(\frac{dy}{dx} \) is known as  differentiation of y with respect to x . It is also denoted as \({f}'(x)\). Rules Of Differentiation: Differentiation Formulas    There are mainly  7 types of differentiation rules  that are widely used to solve problems relate to differentiation: 353535; font-family: Merriweather, Merriweather-Fallba

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