Economic Thought

History of frugal thought From Wikipedia, the withdraw encyclopedia Jump to: navigation, search For historical changes in economies, see Economic history. For diametrical groupings of economists, see Schools of economic thought. | The examples and watch in this crafticle may non re pay a worldwide view of the subject. Please better this article and reprimand over the issue on the talk page. (October 2010) | wealth of Nations is widely considered to be the first study in modern economic science. The history of economic thought deals with different thinkers and theories in the subject that became political scrimping and economics from the ancient world to the present day.[citation needed] It encompasses many different schools of economic thought. Greek writers such(prenominal) as the philosopher Aristotle examined ideas virtually the art of wealth eruditeness and questioned whether property is best left in private or public hands.[citation needed] In chivalrous times, scholars such as doubting doubting Thomas Aquinas argued that it was a virtuous pact of businesses to sell goods at a just price.[citation needed] sparing philosopher hug drug smith is often cited as the bewilder of modern economics for his treatise The Wealth of Nations (1776).

[1][2] His ideas built upon a substantial body of work from predecessors in the eighteenth century peculiarly the Physiocrats. His book appeared on the eventide of the Industrial Revolution with associated major(ip) changes in the economy.[3] Smiths successors include such classical economists as the Rev. Thomas Malthus, Jean-Baptiste Say, David Ricardo, and John Stuart Mill.[citation needed] They examined ship canalize the landed, capitalist and labouring classes produced and distributed depicted object output and modeled the do of population and international trade.[citation needed] In London, Karl Marx castigated the capitalist system, which he start as exploitative and alienating.[citation needed] From about(predicate) 1870, neoclassical economics croak to erect a positive,...If you motivation to get a lavishly essay, order it on our website: Ordercustompaper.com

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