The Classical School
Author: Gonçalo Fonseca | Source: INET
Rethinking Economics Norway webinar (May 11, 2020). Gonçalo Fonseca talks about the classical economists, from Adam Smith to David Ricardo and Thomas Malthus. What are the most important ideas and theories stemming from the period of classical economics, (or classical political economy) that lasted from Smith's famous works in his "The Wealth of Nations" (1776) to the end of the 19th century.First and foremost, Fonseca introduces the classical ideas on what economic value is, and how it differs from the way we conceptualize economic value today.