Classical economics is a broad term that refers to the dominant school of thought for economics in the 18th and 19th centuries. Most consider Scottish economist Adam Smith the progenitor of ...

There are a lot of Classical-flavored economists in the U.S., and they all have their quirks. However, they can all agree on a few things. First: that a Classical stable-value monetary policy is ...

The theory of classical economics is that free markets will regulate themselves if they are left alone. Markets will find their own level of equilibrium without interference by people or the ...

Jessica Olah / Investopedia Keynesian economics represented a new way of looking at spending, output, and inflation. Previously, classical economic thinking held that cyclical swings in employment ...

"Classical liberal" thought is more closely ... some on utilitarian consequentialist grounds (e.g. - many prominent economists), and some (myself included) on a combination of the two.

His book, the Wealth of Nations, contains many ideas that form the basis of classical economics. He emphasized the minimization of taxes and the role of governments. Adam Smith proposed the idea ...