CLASSICAL ECONOMICS


Meaning of CLASSICAL ECONOMICS in English

— classical economist .

a system or school of economic thought developed by Adam Smith, Jeremy Bentham, Thomas Malthus, and David Ricardo, advocating minimum governmental intervention, free enterprise, and free trade, considering labor the source of wealth and dealing with problems concerning overpopulation.

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .