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Audio CD The Classical Economists: Beginning a New World of Economic Insight Book

ISBN: 0786168935

ISBN13: 9780786168934

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. 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...

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