Concept information
Preferred term
classical economics
Definition
- Classical economics refers to a school of economics, the most famous proponents of which were Adam Smith, Jean-Baptiste Say, David Ricardo, and John Stuart Mill. Writing from the end of the 18th to the middle of the 19th centuries, they shared an approach to economic questions that embraced market-oriented principles that were to revolutionize and transform Western civilization. [Source: The Encyclopedia of Libertarianism; Classical Economics]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/classical_economics
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