assessment of the then new concept of Pareto optimality, together with his reinterpretation and rejection of Ricardo's (1821 …

In his Wealth of Nations (1776) Adam Smith created an agenda for the study of the economy that is reflected in the … structure of modern economics. This paper describes Smith's contributions to four central areas of economic theory: The theory … economy, and the sources of economic growth. In each case, an attempt is made to relate Smith's contribution to the state of …

the genesis of the works of Ricardo are dealt with. The building blocks of his theory are Malthus' law of population and … three classes of society (landowners, tenants, agricultural workers). His vision is - like that of Adam Smith - a self …-adjusting model of the economy. Getting at first rid of rent, his intention was to show that - in contrast to Smith - a decrease of …

Classical economists David Hume, Pehr Niclas Christiernin, Henry Thornton, David Ricardo, Thomas Attwood, and Robert …

This paper resolves a long-running debate in the economics literature – the debate over Smith's theory of money and … banking – and thereby revolutionizes current understanding about the history and evolution of monetary analysis. Smith did not … employment. The essence of Smith's theory is not, as the real bills interpretation would suggest, that banknotes are elastic …

. This paper contrasts the positions of the most prominent British economists before 1850, Adam Smith, David Ricardo, Thomas …