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About Classical Economics - Wikipedia PDF
Classical economics flourished in Britain in the late 18th and early-to-mid 19th century, developed by thinkers including Adam Smith, Jean-Baptiste Say, David Ricardo, Thomas Malthus, and John Stuart Mill. They viewed market economies as largely self-regulating systems governed by natural laws of production and exchange. Adam Smith's Wealth of Nations in 1776 is seen as marking the beginning of classical economics and its view that a nation's wealth depends on its labor and capital rather than gold in the monarch's coffers. Classical economists advocated free markets and free trade but saw a limited role for government in providing for the common good.
Detailed Information
| Author: | ['Edmund Grahl'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 35 |
| Language: | English |
| Format: | |
| Price: | FREE |
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