Examples of 'classical economic' in a sentence
Meaning of "classical economic"
Classical economic: This phrase pertains to the traditional or mainstream principles, theories, and practices within the field of economics, often associated with the works of classical economists like Adam Smith, David Ricardo, and John Stuart Mill
How to use "classical economic" in a sentence
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classical economic
Classical economic theory is obviously wrong.
Roberts categorizes himself as a proponent of classical economic liberalism.
Classical economic theories maintain that humans are rational calculating machines.
This is a highly generalized statement of classical economic theory.
Classical economic school.
This is not at all what classical economic theory predicts.
Classical economic liberalism assumes that bad policies will be punished immediately by bad outcomes.
We will then have a chance to return to classical economic principles.
It is the classical economic story of wants, scarcity and choice.
Profit that we have found in the history of classical economic thought.
All are based on the classical economic model of supply and demand.
Other cultural values lend themselves more readily to classical economic assessment.
Unfortunately, most classical economic theories are built on flawed assumptions.
This value is defined as objective, or intrinsic in classical economic approach.
Is it a classical economic crisis of capitalism?
See also
Killing the Host describes how the fight against classical economic reform was waged politically.
Classical economic theory is rooted in the concept of a laissez-faire economic market.
Investment or capital accumulation in classical economic theory is the act of producing increased capital.
And this situation has arisen during the years of classical economic growth!
Classical economic analysis indicates that the marginal propensity to consume ( MPC ) decreases as income increases.
Finally it seems now time to integrate the classical economic accounting with ecological accounting.
While classical economic theories assume that people are rational decision-makers, Simon argued a contrary point.
Investment or capital accumulation, in classical economic theory, is the production of increased capital.
And better yet, that it is more successful that the classical economic model.
Classical economic liberal?
Q, Do you think that will eventually lead to an alternative to classical economic theory?
Different traditions, rural populism ; classical economic liberalism ; traditionalism and nationalism.
This was the point of “ Crusoe economics, ” a favourite device of classical economic theory.
To compare and contrast classical economic theory and game theory, yes?
Part two, Classical economic thought, and its critics.
For example, an important classical economic liberal, Friedrich Hayek, acknowledged an intellectual debt to Burke.
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