Definition
School of economic thought which stresses that economies function most efficiently if everyone is allowed to pursue his or her self interest, in an environment of free and open competition. Based on the ideas of eighteenth and nineteenth century British economists from Adam Smith (1723-90) through to Alfred Marshall (1842-1946). Also called classical school of economics. See also new classical economics and neo classical economics.
Related Articles
- Investing In Costa Rican Property *
- Fraud and Dispute Resolution *
- IRAs And The Economy *
- Annuities as an Investment For Retirement *
- Car Insurance and the Different Types of Policies *
- Precious Metal Options May Be a Good Investment *
- The Federal Reserve Board of Governors *
- Short Selling *
Related Videos
http://www.businessdictionary.com/definition/classical-economics.html
