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About Lecture Notes Lecture 1 8 Notes History of Economic Thoughtrn
The document provides lecture notes on the history of economic thought. It summarizes the key ideas from different periods including the Classical period starting in 1776 with Adam Smith's Wealth of Nations, the Neoclassical period beginning in the 1870s, and Modern economics from the 1940s/50s. The notes also cover the transition from Classical economics to Marginalism and Neoclassical economics in the 19th century. Finally, the document summarizes the key ideas from mercantilism as the precursor to Classical economics, and provides an analysis of Smith's concept of the invisible hand through the idea of the natural price.
Detailed Information
Author: | ['Aurangzeb Chaudhary'] |
---|---|
Publication Year: | 2019 |
Pages: | 39 |
Language: | English |
Format: | |
Price: | FREE |
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