History of Economic Thought (Economic Doctrines)

  1. The Classical School
    1. Foundations of Classical Economics
      1. Historical Context
        1. Methodological Approach
          1. Core Assumptions
            1. Policy Orientation
            2. Adam Smith
              1. Philosophical Foundations
                1. Theory of Moral Sentiments
                  1. Sympathy and Moral Judgments
                    1. Impartial Spectator
                      1. Moral Development
                      2. Natural Liberty System
                      3. Wealth of Nations
                        1. Division of Labor
                          1. Causes and Consequences
                            1. Extent Limited by Market Size
                            2. Theory of Value
                              1. Labor Command vs Labor Embodied
                                1. Natural and Market Price
                                2. Invisible Hand Mechanism
                                  1. Role of Self-Interest and Competition
                                    1. Capital Accumulation Theory
                                      1. Functions of Government
                                        1. Defense
                                          1. Justice
                                            1. Public Works
                                            2. Free Trade Theory
                                              1. Absolute Advantage
                                                1. Critique of Mercantilism
                                            3. David Ricardo
                                              1. Methodological Approach
                                                1. Principles of Political Economy and Taxation
                                                  1. Labor Theory of Value
                                                    1. Theory of Comparative Advantage
                                                      1. Numerical Examples
                                                        1. Policy Implications
                                                        2. Theory of Rent
                                                          1. Differential Rent
                                                            1. Extensive and Intensive Margins
                                                            2. Wage Theory
                                                              1. Iron Law of Wages
                                                                1. Subsistence Theory
                                                                2. Profit Theory
                                                                  1. Inverse Relationship with Wages
                                                                    1. Tendency of Rate to Fall
                                                                    2. Distribution Theory
                                                                      1. Conflict Among Classes
                                                                        1. Landlords vs Capitalists vs Workers
                                                                        2. Stationary State Theory
                                                                        3. Ricardian Equivalence
                                                                          1. Machinery Question
                                                                          2. Thomas Robert Malthus
                                                                            1. Essay on Population
                                                                              1. Population Growth vs Food Supply
                                                                                1. Geometric vs Arithmetic Progression
                                                                                  1. Preventive and Positive Checks
                                                                                    1. Malthusian Trap
                                                                                    2. Principles of Political Economy
                                                                                      1. Critique of Say's Law
                                                                                        1. Effective Demand Theory
                                                                                          1. Gluts Controversy
                                                                                          2. Theory of Rent
                                                                                            1. Population and Development
                                                                                            2. Jean-Baptiste Say
                                                                                              1. Treatise on Political Economy
                                                                                                1. Say's Law of Markets
                                                                                                  1. Supply Creates Demand
                                                                                                    1. Impossibility of General Gluts
                                                                                                    2. Theory of the Entrepreneur
                                                                                                      1. Utility Theory
                                                                                                        1. Production Theory
                                                                                                        2. John Stuart Mill
                                                                                                          1. Principles of Political Economy
                                                                                                            1. Synthesis of Classical Thought
                                                                                                              1. Laws of Production vs Distribution
                                                                                                                1. Role of Custom and Institutions
                                                                                                                  1. Stationary State as Desirable
                                                                                                                  2. Methodological Contributions
                                                                                                                    1. Logic and Economic Method
                                                                                                                      1. Hypothetical Method
                                                                                                                      2. Social Philosophy
                                                                                                                        1. Utilitarianism and Economics
                                                                                                                          1. Individual Liberty
                                                                                                                            1. Women's Rights
                                                                                                                              1. Socialism and Cooperation
                                                                                                                            2. Other Classical Economists
                                                                                                                              1. Nassau William Senior
                                                                                                                                1. Four Postulates of Political Economy
                                                                                                                                  1. Abstinence Theory of Interest
                                                                                                                                    1. Population Theory
                                                                                                                                    2. James Mill
                                                                                                                                      1. Elements of Political Economy
                                                                                                                                        1. Psychological Hedonism
                                                                                                                                        2. Robert Torrens
                                                                                                                                          1. Comparative Cost Theory
                                                                                                                                            1. Colonization Theory
                                                                                                                                            2. John Ramsay McCulloch
                                                                                                                                              1. Popularization of Ricardian Economics

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                                                                                                                                          4. The Physiocrats

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                                                                                                                                          6. Socialist and Critical Responses to Classical Economics