Marxian economics is a rejection of the classical view of economics developed by economists such as Adam Smith. Smith and his peers believed that the free market, an economic system powered by ...

The field of macroeconomics is organized into many different schools of thought, with differing views on how the markets and their participants operate. Classical economists held that prices ...

a classical approach to economics and liberal arts.” “Some may regard that as conservative, but ‘classical’ is the proper context,” said Schaffer, who said his decision to resign from ...