Classical Economic Thinkers

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Adam Smith, Thomas Malthus, David Richardo, Karl Max

Last updated 6:08 PM on 4/15/26
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4 Terms

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Adam Smith

The Invisible Hand (Self-Interest + Competition) and The Cycle of Growth (Labour, Accumulation and Population)

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Thomas Malthus

The Malthusian Dilemma (Geomertric vs Arithmetic) and Population Checks and Pessimism

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David Richardo

The Iron Law of Wages and Comparative Advantage and Free Trade.

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Karl Max

The Economic Interpretation of History and Revolution, The Labour Theory of Value and Surplus Value, and Marxist vs Marxian Thinking