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Classical Economists, The
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Classical Economists, The

Written By : Dr. E. G. West
Narrated By : Louis Rukeyser
Published By : Blackstone Audio Inc
Length : 3 hours
Categories : Economics
Our Price : $12.95
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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. Another classical theorist, Thomas Malthus (1776-1834),
proposed that workers are doomed to subsistence wages, because populations increase geometrically while
food production increases arithmetically. Other classical economists, including James Mill, John Stuart Mill,
and Nassau Senior, extended and refined classical economics throughout the nineteenth century.

Carleton University, Ottawa Canada

 




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Have you always loved reading but sometimes find it hard to find the time? There’s nothing quite like curling up with a good book but many of us can’t do that as much as we’d like. We sacrifice this special time because we have so many other things to do each day. It’s a common problem and it’s the reason why people on average are not reading as much as they once did. Audio books bring the story to life just as the storytellers of the past did. They allow you to experience the book in a whole new way; in the way the writer felt and heard it in their head. You can feel the emotion when you allow audio books to let the story come to life.