How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

Adam Smith, in his 1776 book The Wealth of Nations, stipulates the guiding principles of classical economic orthodoxy, establishing guiding principles that will guide the English economic paradigm. Despite a tradition more focused on Colbertism (between the sixteenth and seventeenth centuries) and…#adamsmith #wealthofnations #jeanbaptistesay #davidricardo #neoclassicalschool #alfredmarshall #léonwalras #smithian #austrianschool #adamsmiths

Source: Reuters: Health - February 3, 2024 Category: Consumer Health News Source Type: news