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The Classical economists [beginning a new world of economic insight]

The classical economists pioneered a new way of thinking about the uniquely human tendency to produce, trade, consume, and accumulate. Adam Smith (1723-1790) explained how the division of labor expands productive power and argued for freedom in economic affairs; Smith attempted to explain the basis of value, prices, the role of money, and other important concepts related to prosperity and an improved standard of living for all members of society. David Ricardo (1772-1823), a London stockbroker, developed the concept of diminishing returns, the wages-fund doctrine, and classical rent theory. Another classical theorist, Thomas Malthus (1776-1834), proposed that workers are doomed to subsistence wages, because populations increase geometrically while food production increases arithmetically.

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http://schema.org/description

  • "Presents an overview of the classical economists of the 18th and 19th centuries, including Adam Smith, David Ricardo, and Thomas Robert Malthus."
  • "The classical economists pioneered a new way of thinking about the uniquely human tendency to produce, trade, consume, and accumulate. Adam Smith (1723-1790) explained how the division of labor expands productive power and argued for freedom in economic affairs; Smith attempted to explain the basis of value, prices, the role of money, and other important concepts related to prosperity and an improved standard of living for all members of society. David Ricardo (1772-1823), a London stockbroker, developed the concept of diminishing returns, the wages-fund doctrine, and classical rent theory. Another classical theorist, Thomas Malthus (1776-1834), proposed that workers are doomed to subsistence wages, because populations increase geometrically while food production increases arithmetically."
  • ""In the 18th century, economics was viewed by some as a branch of moral philosophy, while others called it "political arithmetic." But the publication in 1776 of Adam Smith's Wealth of nations changed economics forever"--Container."
  • "The classical economists pioneered a new way of thinking about the uniquely human tendency to produce, trade, consume, and accumulate. Adam Smith (1723-1790) explained how the division of labor expands productive power and argued for freedom in economic affairs; Smith attempted to explain the basis of value, prices, the role of money, and other important concepts related to prosperity and an improved standard of living for all members of society. David Ricardo (1772-1823), a London stockbroker, developed the concept of diminishing returns, the wages-fund doctrine, and classical rent theory. Another classical theorist, Thomas Malthus (1776-1834), proposed that workers are doomed to subsistence wages, because populations increase geometrically while food production increases arithmetically."@en
  • "The classical economists pioneered a new way of thinking about the uniquely human tendency to produce, trade, consume, and accumulate. Adam Smith (1723-1790) explained how the division of labor expands productive power and argued for freedom in economic affairs; Smith attempted to explain the basis of value, prices, the role of money, and other important concepts related to prosperity and an improved standard of living for all members of society. David Ricardo (1772-1823), a London stockbroker, developed the concept of diminishing returns, the wages-fund doctrine, and classical rent theory. Another classical theorist, Thomas Malthus (1776-1834), proposed that workers are doomed to subsistence wages, because populations increase geometrically while food production increases arithmetically. Other classical economists, including James Mill, John Stuart Mill, and Nassau Senior, extended and refined classical economics to meet new controversies and ideas throughout the nineteenth century."@en
  • "Examines the breakthroughs made by the classical school of economics. Includes discussion of the philosophies of Adam Smith, David Ricardo, Thomas Malthus, and John Stuart Mill."@en

http://schema.org/genre

  • "Audiobooks"@en
  • "Downloadable audio books"@en
  • "History"

http://schema.org/name

  • "The classical economists : beginning a new world of economic insight"
  • "Great economic thinkers. classical economists"
  • "The Classical economists [beginning a new world of economic insight]"@en
  • "The classical economists"@en
  • "The > classical economists : beginning a new world of economic insight"
  • "The classical economists beginning a new world of economic insight"
  • "The Classical economists beginning a new world of economic insight"
  • "The Classical economists beginning a new world of economic insight"@en