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048. Economic theories: Classical Economics

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Manage episode 506909541 series 3531398
Content provided by LearnFinance101. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by LearnFinance101 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Classical economics, emerging in the late 18th century, emphasizes free markets, individual initiative, and minimal government intervention. Key figures like Adam Smith, David Ricardo, and Thomas Malthus shaped its principles, advocating for self-regulating markets, division of labor, and comparative advantage. Criticisms include its neglect of market failures and assumptions of perfect information. Its legacy influences modern neoliberal policies and global trade patterns.

  continue reading

55 episodes

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iconShare
 
Manage episode 506909541 series 3531398
Content provided by LearnFinance101. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by LearnFinance101 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Classical economics, emerging in the late 18th century, emphasizes free markets, individual initiative, and minimal government intervention. Key figures like Adam Smith, David Ricardo, and Thomas Malthus shaped its principles, advocating for self-regulating markets, division of labor, and comparative advantage. Criticisms include its neglect of market failures and assumptions of perfect information. Its legacy influences modern neoliberal policies and global trade patterns.

  continue reading

55 episodes

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