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词汇 classical-economics
释义 classical economics
noun[ U ]
 ECONOMICSukus
a theory about economics, developed in Britain in the 18th and 19th centuries, which states that the economy will be most successful when people are allowed to work at jobs that interest them, and businesses are allowed to compete without being controlled by the government:
Classical economics is widely regarded as the first modern school of economic thought.

Examples of classical economics


classical economics
Classicaleconomics focuses on the tendency of markets to move to equilibrium and on objective theories of value.
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In this sense, he worked as much in political economy as in classicaleconomics.
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Note that the classical general equilibrium model is unrelated to classicaleconomics, and was instead developed within neoclassical economics beginning in the late 19th century.
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Classicaleconomics had focused on the causal relations among social activities, which were connected with the production and distribution of wealth.
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An economy based on knowledge also defies classicaleconomics due to the non-rival property of knowledge.
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In game theory and classicaleconomics, it is often assumed that the actors, people, and firms are rational.
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This is considered irrational behavior (as rationality is defined by classicaleconomics).
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The paper's treatment of economics presumes a working familiarity with fundamental concepts of classicaleconomics.
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Neutrality of money is an important idea in classicaleconomics and is related to the classical dichotomy.
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As an alternative, the film promotes a return to classicaleconomics and the gold standard.
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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