Economy, asked by bishalchanda440, 9 months ago

economics of classical economist​

Answers

Answered by syada786
7

Classical economics or classical political economy is a school of thought in economics that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century. Its main thinkers are held to be Adam Smith, Jean-Baptiste Say, David Ricardo, Thomas Robert Malthus, and John Stuart Mill.

The main idea of the Classical school was that markets work best when they are left alone, and that there is nothing but the smallest role for government. The approach is firmly one of laissez-faire and a strong belief in the efficiency of free markets to generate economic development.

Answered by Naeemhamid
2

Answer:

Classical economics are classical political economy is a school of thought in economics that flourished , primarily in britain, in the late 18th and early - to - mid 19th century..

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