Traveling

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              HOMI JEHANGIR BHABHA                   Homi Jehangir Bhabha was an Indian born nuclear physicist who made important contributions to quantum theory and cosmic radiation. He is known as the “father of Indian nuclear program.”                                   He was the first Chairman of The Atomic Energy Commission of India. Homi Jehangir Bhabha was born on 30 October, 1909 to a wealthy Parisi family in Mumbai that was very influential in the west of India. His father was Jehangir Hormusji Bhabha, a lawyer. Initially Bhabha attended Cathedral School and he then enrolled for studies at Elphinstone College at the age of fifteen. This was followed by further studies at the Royal Institute of Science in Bombay. Bhabha’s father and uncle, Sir Dorab Tata, wanted him to study engineering at university so t...

            KARL   MARX Born in Trier to a middle-class family, Marx studied law and Hegelian philosophy. Due to his political publications, Marx became stateless and lived in exile in London, where he continued to develop his thought in collaboration with German thinker Friedrich Engels and publish his writings. His best-known titles are the 1848 pamphlet, The Communist Manifesto, and the three-volume Das Kapital. His political and philosophical thought had enormous influence on subsequent intellectual, economic and political history and his name has been used as an adjective, a noun and a school of social theory. Marx's theories about society, economics and politics—collectively understood as Marxism—hold that human societies develop through class struggle. In capitalism, this manifests itself in the conflict between the ruling classes (known as the bourgeoisie) that control the means of production and the working classes (known as th...

Adam Smith: The Father of Economics Adam Smith was an 18th-century philosopher renowned as the father of modern economics, and a major proponent of laissez-faire economic policies. In his first book, "The Theory of Moral Sentiments," Smith proposed the idea of the invisible hand—the tendency of free markets to regulate themselves by means of competition, supply and demand, and self-interest. Smith is also known for his theory of compensating wage differentials, meaning that dangerous or undesirable jobs tend to pay higher wages to attract workers to these positions, but he is most famous for his 1776 book: "An Inquiry into the Nature and Causes of the Wealth of Nations." Read on to learn about how this Scottish philosopher argued against mercantilism to become the father of modern free trade and the creator of the concept now known as GDP. Early Life The recorded history of Smith's life begins on June 5, 1723, at his baptism in Scotland; however, his...

In his most important book, Principles of Economics, Marshall emphasized that the price and output of a good are determined by both supply and demand: the two curves are like scissor blades that intersect at equilibrium. ... The concept of consumer surplus is another of Marshall's contributions.