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Download The Classical Economists Audiobook (Unabridged)

Extended Audio Sample The Classical Economists (Unabridged), by Dr. E.G. West
3 out of 53 out of 53 out of 53 out of 53 out of 5 3.00 (8 ratings) (rate this audio book) Author: Dr. E.G. West Narrator: Louis Rukeyse Publisher: Blackstone Audio, Inc. Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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The classical economists pioneered a new way of thinking about the uniquely human tendency to produce, trade, consume, and accumulate.

Adam Smith (1723-1790) explained how the division of labor expands productive power and argued for freedom in economic affairs. David Ricardo (1772-1823), a London stockbroker, developed the concept of diminishing returns, the wages-fund doctrine, and classical rent theory. Another classical theorist, Thomas Malthus (1776-1834), proposed that workers are doomed to subsistence wages, because populations increase geometrically while food production increases arithmetically. Other classical economists, including James Mill and John Stuart Mill, extended and refined classical economics throughout the nineteenth century.

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Listener Opinions

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 by Dave | 8/3/2008

    " Good introduction and summary of the various thoughts in classical economics "

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