Sentence examples for classical economy from inspiring English sources
That comes out of the classical economy".
"I could maybe talk about a classical economy and then the digital economy.
In a classical economy, whatever people earn is either spent or saved; and whatever is saved is invested in capital projects.
Yes, the most expensive seats at the Metropolitan Opera cost hundreds of dollars, but the highest-priced tickets for big-league pop-music and sports events generally cost far more, and the money in play behind the scenes of such mass-market spectacles makes the classical economy look puny.
It is a fair bet, though, that a good chunk of the Keynes devotees at last week's British Academy celebration of the 80th anniversary of the publication of the General Theory in February 1936 had ploughed their way through Postulates of the Classical Economy to Notes on Mercantilism, while only occasionally thinking they would rather be reading Tinker Tailor Soldier Spy.
This view, which reflects the classical economy, assumes that human requests and needs are infinite.
The first explores discourses of economic stagnation, from classical political economy to Keynesian economics, focusing especially on the return of this anxiety in the post-2008 moment.
Classical political economy, from Adam Smith to Karl Marx, presumed that women's domestic labor was "unproductive" even if it was performed by paid servants.
It was Smith, however, who wrote the first full-scale treatise on economics and, by his magisterial influence, founded what later generations were to call the "English school of classical political economy," known today as classical economics.
But what did The Economist and its founding editor, James Wilson, believe when Britain introduced its first laws making vaccination against smallpox compulsory in 1853 Wilson is often (and incorrectly) remembered by historians as a passionate advocate of classical political economy.
