classical economics


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.

Nearby words

  1. classical antiquity,
  2. classical armenian,
  3. classical chinese,
  4. classical college,
  5. classical conditioning,
  6. classical greek,
  7. classical latin,
  8. classical mechanics,
  9. classical music,
  10. classical mythology

Related formsclassical economist, noun Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019