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Classical economics, also known as the classical school of economics, [1] or classical political economy, is a school of thought in political economy that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century. It includes both the Smithian and Ricardian schools. [2]
In 1895 the London School of Economics (LSE) was founded by Fabian Society members Sidney Webb (1859–1947), Beatrice Webb (1858–1943), and George Bernard Shaw (1856–1950), joining the University of London in 1900. In the 1930s LSE member Sir Roy G.D. Allen (1906–1983) popularized the use of mathematics in economics.
In the history of economic thought, a school of economic thought is a group of economic thinkers who share or shared a mutual perspective on the way economies function. While economists do not always fit within particular schools, particularly in the modern era, classifying economists into schools of thought is common.
This is an incomplete alphabetical list by surname of notable economists, experts in the social science of economics, past and present. For a history of economics, see the article History of economic thought. Only economists with biographical articles in Wikipedia are listed here.
Keynes had given a unique perspective on statistical inference in A Treatise on Probability, written in 1921, years before his major economic works. [33] Keynes thought strong public investment and fiscal policy would counter the negative impacts the uncertainty of economic fluctuations can have on the economy.
In the history of economic thought, ancient economic thought refers to the ideas from people before the Middle Ages. Economics in the classical age is defined in the modern analysis as a factor of ethics and politics, only becoming an object of study as a separate discipline during the 18th century. [1] [2] [3] [4]
Pages in category "Schools of economic thought" The following 95 pages are in this category, out of 95 total. This list may not reflect recent changes. ...
List was a leading 19th Century German and American economist who called it the "National System" and developed it further in his book The National System of Political Economy Carey called this a Harmony of Interests [16] in his book by the same name, a harmony between labor and management, and as well a harmony between agriculture ...