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Logan, Max, Cooper and Ryan

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Stephen Dubner and Steven Levitt both have the same theory in economics. They believe that the study of economics is about incentives. Stephen dubner is a co-writer to the book, "Freakonomics", and it goes into detail about how crime is a big factor in how the economy works today.
1). How successful is their theory in the real world?
Stephen believes that the study of economics is about incentives. This theory is not all that made up. It talks about how people can do their own thing, and how crime plays a big role into this theory
3). How long did their theory last?
Technically the theory is still into play today. People go on their own incentives to do what they feel is necessary to get money, which can affect the economy in a negative way.
5). How are their views implemented today?
People still commit crimes today, and that will never change no matter what happens with the economy. So people who commit crimes or work on their own incentive are using this theory to its it's full potential.

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Paul Krugman Born on February 28th, 1953. He is a  American economist who currently is a distinguished professor of economics at the Graduate Center in the city university of New York and also is a columnist for the New York Times. He has won the Nobel memorial prize in economic sciences for his contributions to things such as the new trade theory the new economic geography. The prize commits cited his work explaining the patterns of international trade as well as geographic distribution of the commit activity. He did so by explaining the effects of economics of scale and of consumer prferemde for diverse goods and services. He has the economic view of Keynesian and salt water economist. He used the so called new Keynesian theory in his work but also stated that it lacked predictive power for ideas like the efficienct market hypothesis. He is supporting of free trade and Keynesian theory and has created the new trade theory which is a collection of economic models in international trade which focuses on the role of increasing returns to scale and network effects. His theory has shown to be able to show how some path dependent industrial concentrations can lead to monopolistic competition or oligopolies. His theory in his opinion has shown to be able to predict certain industries forming into monopolistic competitions or oligopolies which he claims is a huge accomplishment. His theories have lasted for a good chunk of time and still are standing today. His views are critized in today’s world as he has concidered himself a liberal and has questioned  trumps economic progress as it seems the economy has been shifted downward like it was in 2012 he claims. Overall his work for economics is still great enough to have earned him a Nobel memorial prize in economic sciences.

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https://en.m.wikipedia.org/wiki/Freakonomics

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A little background:
Ben Bernanke was the chair of the Federal Reserve from 2006 to 2014.
The crown jewel of his theoretical work is groundwork for the Bernanke Doctrine.  He is most known for his work as the chair of the federal reserve.
His theories and philosophies have been instrumental during the great financial recession of 2008.  He implemented various policies to stop the economic freefall and stabilize the crumbling economy.  It was his monetary and fiscal policies that stabilize the global economy.
His theory work has been huge in helping the economy, especially in the wake of the global meltdown of 2008.  As the chair of the Federal Reserve, he lowered benchmark interest rates to near zero and implemented a quantitative easing program to lessen the burden caused by the Great Recession.
As evident by his position, his goal in the economy was to keep it afloat and to prevent great losses and recession in 2008.  He did reach his goal, as the damage from the recession could have been greater had it not been for his work to stop it.

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1. Steven Levitt’s views on abortion changed the way Americans see abortion. He states that having abortion legal makes crime lower because unwanted kids are more likely to commit crimes
2. Levitt’s economic thought is still implemented today because recently there has been much debate on abortion. And his research may be used to help argue for pro-abortion.
3. Levitt’s theory is still lasting today, as abortion is still legal in the U.S.