Classical economics — is widely regarded as the first modern school of economic thought. Its major developers include Adam Smith, Jean Baptiste Say, David Ricardo, Thomas Malthus and John Stuart Mill. Adam Smith s The Wealth of Nations in 1776 is usually considered to … Wikipedia
classical economics — classical economist. a system or school of economic thought developed by Adam Smith, Jeremy Bentham, Thomas Malthus, and David Ricardo, advocating minimum governmental intervention, free enterprise, and free trade, considering labor the source of … Universalium
classical economics — ➔ economics * * * classical economics UK US noun [U] ECONOMICS ► a theory about economics, developed in Britain in the 18th and 19th centuries, which states that the economy will be most successful when people are allowed to work at jobs that… … Financial and business terms
Classical Economics — refers to work done by a group of economists in the eighteenth and nineteenth centuries. They developed theories about the way markets and market economies work. The study was primarily concerned with the dynamics of economic growth. It stressed… … Investment dictionary
classical economics — /ˌklæsɪkəl ɛkəˈnɒmɪks/ (say .klasikuhl ekuh nomiks) noun a system of thought developed by Adam Smith and David Ricardo, according to which the wealth of nations is promoted by free competition with a minimum of government intervention and by… …
New classical economics — [njuː klæsɪkl iːkə nɔmɪks, englisch], neue klassische Makroökonomik … Universal-Lexikon
neo-classical economics — Economics, as an academic discipline, is predominantly the study of the allocation of scarce resources to alternative uses via market prices. The dominant paradigm in modern economics is neo classical theory which developed from the so called… … Dictionary of sociology
Classical theory of growth and stagnation — Classical economics refers to work done by a group of economists in the eighteenth and nineteenth centuries. The theories developed mainly focused on the way market economies functioned. Classical Economics study mainly concentrates on the… … Wikipedia
Economics — This article is about the social science. For other uses, see Economics (disambiguation). For a topical guide to this subject, see Outline of economics. Economics … Wikipedia
economics — /ek euh nom iks, ee keuh /, n. 1. (used with a sing. v.) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. 2. (used with a pl. v.) financial considerations;… … Universalium
