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History · Rankings

The 60 Economists Who Changed the World, Ranked

Sixty economists who rewired how humanity understands wealth, work and power — each scored on four axes, ranked by total civilizational impact.

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How the ranking works: every figure is scored from 1 to 10 on four axes — breadth of humans affected, depth of civilizational change, durability across centuries, and enablement of further invention or discovery — for a total out of 40. The order follows the totals; no position is arranged.
RankNameDatesScoreImpact in one line
#7Adam Smith1723–179037/40The Wealth of Nations founded economics as a distinct science and supplied the intellectual charter of the market economy: free trade…
#9Ibn Khaldun1332–140636/40Ibn Khaldun is now recognized as the founder of sociology — Durkheim, Weber, and the whole discipline walk a road he surveyed first — and…
#10Karl Marx1818–188336/40Marx's impact is the largest of any economist in history, measured in states founded and lives rearranged.
#16John Maynard Keynes1883–194634/40For three decades after 1945, Keynes's ideas were the operating system of the Western world.
#20Kautilya (Chanakya)c. 375–283 BCE32/40Kautilya built the first documented fiscal state: a machinery of taxation, audit, and public works that let the Mauryan Empire field the…
#25Max Weber1864–192032/40Weber's impact is the permanent admission of culture into the explanation of economic life.
#27David Ricardo1772–182331/40Comparative advantage is the intellectual foundation of the entire free-trade order: it underwrote Britain's repeal of the Corn Laws in…
#28John Stuart Mill1806–187331/40Mill's Principles was the dominant economics textbook for two generations, forming the economic mind of everyone from Alfred Marshall to…
#29Thomas Malthus1766–183431/40Malthus founded demography: the systematic study of population — fertility, mortality, carrying capacity — descends directly from the…
#31Daniel Kahneman1934–202431/40No twentieth-century social scientist touched more lives outside the academy.
#34Milton Friedman1912–200631/40Friedman's ideas govern the money in your pocket.
#38Jeremy Bentham1748–183230/40Bentham's utility principle became the philosophical foundation of welfare economics and of modern policy analysis: Pigou's welfare…
#39Amartya Sen1933–30/40Sen's entitlement theory changed famine policy permanently.
#41Alfred Marshall1842–192430/40Marshall's impact is the shape of economics as it is taught and practiced.
#42Ronald Coase1910–201330/40Coase's fingerprints are on the operating system of modern capitalism.
#43Paul Samuelson1915–200930/40Samuelson rebuilt economics in his image twice: once as a mathematical science, once as a taught discipline.
#44Thomas Aquinas1225–127429/40Aquinas's just price became the legal and moral standard of European commerce for three centuries: canon law, guild regulations, and market…
#45David Hume1711–177629/40Hume's price-specie flow mechanism is the founding model of international monetary economics: it underlies the classical gold standard's…
#47Douglass North1920–201529/40North's institutional turn is arguably the single biggest idea in development thinking of the last forty years.
#48Simon Kuznets1901–198529/40GDP is the most influential number in human history that nobody voted for.
#49Friedrich Hayek1899–199229/40Hayek reshaped the second half of the twentieth century's economic imagination.
#51James Buchanan1919–201328/40Public choice rewired how democracies understand themselves.
#53Elinor Ostrom1933–201228/40Ostrom's design principles are now the operating manual for common-pool resource management worldwide.
#54Joseph Schumpeter1883–195028/40Schumpeter's impact is the vocabulary of innovation itself.
#56Vilfredo Pareto1848–192327/40Pareto's impact is written into the operating system of modern policy analysis.
#57Gary Becker1930–201427/40Becker's conquests are now occupied territory.
#59François Quesnay1694–177427/40The Tableau économique founded macroeconomics as a discipline: it was the first model of the economy as an interdependent circular flow…
#60Xenophonc. 430–354 BCE26/40The word 'economy' itself is Xenophon's coinage: oikonomia, the management of the household, passed through Latin and French into every…
#63Carl Menger1840–192126/40Menger's impact runs through everything the Austrian School became.
#64Raúl Prebisch1901–198626/40Few economists have moved policy across so many borders.
#66Albert Hirschman1915–201226/40Hirschman's linkages became the working vocabulary of a generation of development planners — project selection, input-output analysis, and…
#67Kenneth Arrow1921–201726/40Arrow's impossibility theorem is the single most unsettling result in the social sciences: it proved that perfect democracy is logically…
#69Ibn Taymiyyah1263–132825/40Ibn Taymiyyah's hisba doctrine became the institutional blueprint for market regulation across the Islamic world: for centuries, the…
#70Jean-Baptiste Say1767–183225/40Say's Law anchored classical economics for a century: it was the doctrine against which Malthus, Marx, and Keynes all defined themselves…
#71Richard Cantillonc. 1680–173425/40Cantillon's entrepreneur is the founding concept of the economics of risk: it runs through Say to Schumpeter's innovator and Knight's…
#72Léon Walras1834–191025/40Walras's impact is the mathematization of economics at its deepest level.
#73Irving Fisher1867–194725/40Fisher's impact is everywhere modern money is managed.
#74Ludwig von Mises1881–197325/40Mises's impact is the intellectual case against central planning and the foundation of modern libertarian economics.
#75Knut Wicksell1851–192625/40Wicksell's impact is the intellectual foundation of modern central banking.
#76Thorstein Veblen1857–192924/40Veblen's impact is cultural as much as technical: conspicuous consumption is one of the few economic concepts to enter everyday language…
#77Eugene Fama1939–24/40The efficient market hypothesis is arguably the most consequential idea in the history of investing.
#78Wassily Leontief1906–199924/40Input-output analysis gave policymakers the first working model of an economy as an interconnected system rather than a collection of…
#79George Stigler1911–199124/40Stigler's capture theory became the operating assumption of a generation of reformers.
#80Muhammad Yunus1940–24/40Microcredit became one of the largest social movements in development history.
#81Thomas Piketty1971–24/40Piketty put inequality back at the center of economics and politics after decades in which the profession had treated distribution as a…
#86William Stanley Jevons1835–188223/40Jevons's impact is structural: he is one of the three men who made modern microeconomics possible.
#87Arthur Pigou1877–195923/40Pigou's impact is the price tag on pollution.
#88Anne-Robert-Jacques Turgot1727–178123/40Turgot's law of diminishing returns is one of the load-bearing walls of all economics: it underlies Ricardo's theory of rent, Malthus's…
#89Gunnar Myrdal1898–198723/40An American Dilemma supplied the moral and empirical case that helped end legal segregation in the United States — few economics books have…
#90Hyman Minsky1919–199623/40Minsky's posthumous victory is one of the great vindications in economics.
#91Eugen von Böhm-Bawerk1851–191422/40Böhm-Bawerk's impact is twofold: he gave the Austrian School its theory of capital, and he gave anti-Marxism its sharpest theoretical…
#92Hernando de Soto1941–22/40De Soto's titling agenda became one of the largest institutional reform movements in development history.
#93Frédéric Bastiat1801–185021/40Bastiat's afterlife has been larger than his lifetime.
#94John Kenneth Galbraith1908–200621/40Galbraith did what almost no economist manages: he made the dismal science a public conversation.
#95Rosa Luxemburg1871–191921/40The Accumulation of Capital founded the Marxist theory of imperialism as economic necessity, shaping a century of anti-colonial thought —…
#96Michał Kalecki1899–197020/40Kalecki's independent discovery of effective demand confirms that the Keynesian revolution was no accident of one man's genius but the…
#97Nicholas Kaldor1908–198619/40Kaldor's growth laws became the charter of manufacturing-led development: the intellectual case behind the industrial policies of East…
#98Joan Robinson1903–198319/40Robinson's imperfect competition became the foundation of modern industrial organization — every antitrust case, every analysis of market…
#99Piero Sraffa1898–198319/40Sraffa's slim book did something almost no work of pure theory manages: it proved a dominant paradigm logically incoherent on its own terms.
#100Nikolai Kondratiev1892–193817/40The Kondratieff wave became the longest lens through which economists view capitalist history — the framework behind every claim that we…
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How did Christianity conquer Rome?How did humans tame fire?How did Islam expand so fast?AE — Country ProfileAfghanistan — Country ProfileAlbania — Country ProfileHistory of AE — TimelineHistory of Afghanistan — Timeline