WordReference Random House Unabridged Dictionary of American English © 2025
clas′sical econom′ics, 
  1. a system or school of economic thought developed by Adam Smith, Jeremy Bentham, Thomas Malthus, and David Ricardo, advocating minimum governmental intervention, free enterprise, and free trade, considering labor the source of wealth and dealing with problems concerning overpopulation.
clas′sical econ′omist. 


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