The Top 50 Places to Study Classical Economics
Regardless of whether one is sympathetic or critical of classical economics, this branch of study is both an historical and logical foundation for further study in economics at large. Before one can understand modern Keynesianism, or give an informed analysis of the trickle down effect, one must first be acquainted with the ideas developed by men like Adam Smith, John Stuart Mill, Carl Menger, Ludwig von Mises, Henry Hazlitt, and F.A. Hayek. This is partially because these ideas historically form the background that later, more collectivist styles of thinking respond to. However, on a more conceptual level classical economics is vital to understand because of its simplicity. These thinkers endorse the free market. They want to limit government intervention and allow nature to run its course. Some say this is benevolent efficiency while others call it nefarious social Darwinism. But either way, this view is a good place to begin one's study of economic theory.
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