Board of advisors
Smith would be beneficial to our island because we has very good intellect on economics and how we should produce items and production. He knows how to run an efficient assembly line to get work done faster and be more productive. He also can help with selling products that buyers want to buy. He is know to like a capitalist economy, so infer chose to have that type of economy he could be a great help. He believes in through supply and demand and competition for scarce resources, rather than as something that results in the well-being of individuals.
Friedman could help us in making the decesion of how we want torun our government. He had smart ideas about lowering taxes, which our residents would love. He also believes that the government should be less involve which would allow the people to make more decesions in their economy. He could produce many ideas that could be beneficial to the people of our island and the way they will be living.
Hayek has some similar beliefs to smith. He could help us with deciding how to run our economy market. He believes in a planned market which will lead to people with jobs and a steady economy. He think that increases in prices would lead to dropped intrest rates, making credit artificially cheap. He could help us make financial decesions.
John Maynard Keynes
Keynes believes that the government should be more involved. He would be useful in making decesions in places where the government should be more involved and how they can help. He can really help with our labor and production. He knows about how to maintain wages and productive labor. He believes in keeping wages stable to keep a better income. This would really help people working and living on our island.