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Dr. E.G. West

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  • The Classical Economists | Dr. E.G. West

    The Classical Economists

    • UNABRIDGED (2 hrs and 51 mins)
    • By Dr. E.G. West
    • Narrated By Louis Rukeyser
    Overall
    (46)
    Performance
    (33)
    Story
    (33)

    The classical economists pioneered a new way of thinking about the uniquely human tendency to produce, trade, consume, and accumulate. Adam Smith (1723-1790) explained how the division of labor expands productive power and argued for freedom in economic affairs. David Ricardo (1772-1823), a London stockbroker, developed the concept of diminishing returns, the wages-fund doctrine, and classical rent theory.

    Yousuf says: "Solid overview"
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