Examlex
Which of the following did the Peace of Westphalia demonstrate?
Thorstein Veblen
An American economist and sociologist known for his theory of the leisure class and criticisms of capitalism.
Milton Friedman
An influential American economist known for his strong advocacy of free-market capitalism and for his role in the Chicago School of Economics.
John Maynard Keynes
A British economist whose theories on the importance of government intervention in economies during downturns led to the development of Keynesian economics.
Marginal Propensity
The ratio of the change in an economic agent's consumption as a result of a change in income, influencing saving and spending habits.
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