Abstract

https://ssrn.com/abstract=2662732
 


 



Classical Political Economy


Peter J. Boettke


George Mason University - Department of Economics

Nicholas A. Snow


Wabash College - Economics

2010

Encyclopedia of Political Theory, ed. Mark Bevir. (Los Angeles: SAGE, 2010, pp. 217-221)

Abstract:     
Classical Political Economy is characterized by the systemic study of economic forces. Primarily concerned with the dynamics of economic growth, the classical economists sought to explain how and why wealth is created and destroyed. Their study found the role of institutions central in answering this question and as a result, stressed the importance of laissez-faire, free trade, and free competition. This entry reviews the history and basic elements of classical liberty political economy, some of the criticisms that have been raised, and the impact of classical political economy on economic policy.

Keywords: Classical Political Economy; Liberalism; Scottish Enlightenment

JEL Classification: B12


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Date posted: September 20, 2015  

Suggested Citation

Boettke, Peter J. and Snow, Nicholas A., Classical Political Economy (2010). Encyclopedia of Political Theory, ed. Mark Bevir. (Los Angeles: SAGE, 2010, pp. 217-221). Available at SSRN: https://ssrn.com/abstract=2662732

Contact Information

Peter J. Boettke (Contact Author)
George Mason University - Department of Economics ( email )
4400 University Drive
Fairfax, VA 22030
United States
703-993-1149 (Phone)
703-993-1133 (Fax)
Nicholas A. Snow
Wabash College - Economics ( email )
P.O. Box 352
Crawfordsville, IN 47933-0352
United States
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