Classical School, theoretical approach, deductive methods, materialism
The classical school was founded by Smith and Ricardo and Malthus and was developed by Stuart Mill, Mc Culloch, Seniar and French Jean Bapteste Say. When the Classical School was centralized, the theoretical approach on the issue of value ended up getting a full scientific character, so that the only original source was identified in work in general.
The school also used as other deductive methods, materialism and concern to simplify and generalize economic propositions. This was based on physiological principles of liberalism, individualism, and established the principles of free competition that influenced the bourgeois revolutionary thought.
One of the classic characteristics of the school is to emphasize the production relegating the background, consumption and demand, consider to riches goods that have exchange value.
[...] Classical School: Brief study The classical school was founded by Smith and Ricardo and Malthus was developed by Stuart Mill, Mc Culloch, Seniar and French Jean Bapteste Say. When the Classical School has centralized the theoretical approach on the issue of value and ended up getting a full scientific character, so that the only original source was identified in work in general. The school also used other deductive methods, materialism and concern to simplify and generalize economic propositions. Was based on physiological principles of liberalism, individualism, and established the principles of free competition that influenced the bourgeois revolutionary thought. [...]
[...] The guidelines of the most important international economic and financial bodies such as the IMF and GATT (General Agreement on Tariffs and Trade), contradict the principles of classical liberalism. Bibliography SANDRONI, Paul. Dictionary of Economics of the century. XXI. Ed.Record FUSFELD, Daniel R. The era of the Economist. Ed. Saraiva Beans, Ricardo. History of Economic Thought. Ed. [...]
[...] Physiocracy has established itself as a doctrine of natural order: the universe is governed by natural, absolute, immutable and universal laws, desired by divine providence to the happiness of men. The society was divided into three classes: producers (farmers), landowners (nobility and clergy) and the "sterile classes" (other people). Physiocracy discovered the existence of income movement between these classes: farmers and owners buy goods and services from the other groups, who make that income return with the purchase of agricultural products. [...]
[...] The main representative of the physiocrats was François Quesney, author of Tableau Economique which joined the Turgot, the Marquis de Mirabeau and Du Pont de Nemours, among others. Theses physiocrats exerted influence on Adam Smith, although they have been criticized for this and the Classical school. Liberalism Doctrine was served as the ideological substrate for antiabsolutistas revolutions in Europe and the US independence struggle. Corresponded to the bourgeoisie power aspirations before the decline of the aristocracy and supported in absolutism, defended: 1. The broader personal liberty; 2. The representative democracy with separation and independence of the three powers; 3. The inalienable right to property; 4. [...]
[...] Atlas ROSSETTI. Introduction to Economics. 20th edition. Ed. Atlas. 2003. [...]
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