Bonus Internet Exercise 2-1 Know Your History of Economics purpose

To gather information regarding the foundation of economics from a historic perspective. The concepts of economics that are discussed in the classroom today can be traced from the founders of economics. Concepts of rational self interest, population growth, free trade, diminishing returns and utility maximization come from such famous economist as Ricardo, Smith, Malthus, and Bentham.

Go to the internet and look up the following economist: Adam Smith, Jeremy Bentham, David Ricardo, and T.R. Malthus. Choose one of these economists and answer the following questions that describe their contributions to the field of economics.

1. 
   Describe the personality of your chosen economist.
   

2. 
   What major contributions did this chosen economist contribute to the filed of economics regarding:
   

1. 
   Microeconomics
   

2. 
   Macroeconomics
   

3. 
   The field of economics
   

3. 
   How does the works of your chosen economist have any relevance to our economy today?