A Summary Review Of ‘The Great Economist’ By Linda Yueh

As an engineering grad, I look forward to exploring the economic fundamentals. There were 12 great economists formulated their models to tackle economic challenges. These are the ideas that I agree:

Firstly, gov’t could assist in equipping poor with skills to make them competent in the job market. This will increase the portion of the middle class which generate more consumption thru spending that drives economic growth [Alfred Marshall, 1980 idea]. 

Furthermore, the citizen is important in economic growth as they not just productive forces (prepared with skills to use technology) but also the innovators. “Technical improvement directly proportional to economic growth” [Robert Solow, 1957 idea]. 

Besides that, Gov’t investment in infrastructures are necessary, this is to enable private investment to be more efficient (eg. telecom infrastructure for faster businesses services delivery) [John Maynard Keynes idea].

📒 The Great Economists by Linda Yueh