Classical economics - AshokBhat/investing GitHub Wiki

About

• Dominant school of thought in economics in late 18th and early-to-mid 19th century
• Strong belief in the efficiency of free markets to generate economic development
• Main thinkers - Adam Smith, Jean-Baptiste Say, David Ricardo, Thomas Robert Malthus, and John Stuart Mill.

Core beliefs

• Markets work best when they are left alone
• There is nothing but the smallest role for government
• Laissez-faire approach

See also

• Adam Smith
• Keynesian Economics