The Classicals

 

 Adam Smith


Self-interest serves the public interest more effectually than any such intended activity.

A policy of laissez faire,
"leave matters to the market,"
is an appropriate governmental value.

 

Men are paid according to the difficulty of their work, and to reward the educational effort necessary to accomplish such difficult tasks.

 

http://www.econ.duke.edu/Economists/

1723 - 1790

 

 David Ricardo

http://www.marxists.org/glossary/people/r/pics/

1772 -1823
Ricardo:
- advocated free trade and pursuit of comparative advantage.  The idea was:
a country that trades for its products that it can get at lower cost from another country is better off than if such products are made at home.

 

Love for Econ Springs Eternal !