- classical economic theory
Dictionary of sociology. 2013.
classical economic theory
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Classical Growth Theory — A theory on economic growth that argues that economic growth will end because of an increasing population and limited resources. Classical Growth Theory economists believed that temporary increases in real GDP per person would cause a population… … Investment dictionary
Mutualism (economic theory) — This article is about the economic theory. For the biological term and other uses, see Mutualism (disambiguation). Part of the Politics series on Anarchism … Wikipedia
Theory of the firm — The theory of the firm consists of a number of economic theories that describe the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.[1] Contents 1 Overview 2 Background … Wikipedia
Economic collapse — An economic collapse is a devastating breakdown of a national, regional, or territorial economy. It is essentially a severe economic depression characterised by a sharp increase in bankruptcy and unemployment. A full or near full economic… … Wikipedia
classical unemployment — noun According to classical economic theory originally developed by Adams, Ricardo, Malthus and others in late 18th century unemployment is explained simply by the real wages being higher than the market equilibrium wage. In modern economics… … Wiktionary
economic man — A term used in classical economic theory (see laissez faire economics ), denoting the individual s rational deployment of labour or resources in the marketplace, in systematic pursuit of his or her own self interest. The term is intended to apply … Dictionary of sociology
Classical theory of growth and stagnation — Classical economics refers to work done by a group of economists in the eighteenth and nineteenth centuries. The theories developed mainly focused on the way market economies functioned. Classical Economics study mainly concentrates on the… … Wikipedia
Classical economics — is widely regarded as the first modern school of economic thought. Its major developers include Adam Smith, Jean Baptiste Say, David Ricardo, Thomas Malthus and John Stuart Mill. Adam Smith s The Wealth of Nations in 1776 is usually considered to … Wikipedia
classical economics — 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 … Universalium
Economic rent — is the difference between what a factor of production is paid and how much it would need to be paid to remain in its current use.There are multiple mechanisms that can create economic rent: political contrivance, network effect, monopoly power,… … Wikipedia
