Chapter 9: Economic Ideas (Part 1: The Oldies)

Published: March 29, 2019, 5 a.m.

b'At the dawn of the First Industrial Revolution, a new academic field emerged: Economics. (Well, something called \\u201cPolitical Economy\\u201d anyway.)\\xa0 But centuries of economic thought had to be supplanted first.In this Chapter, we review some of the ideas that permeated Europe leading up to the Industrial Revolutions. We\\u2019ll discuss the works of Plato and Aristotle, the Scholastics, the Mercantilists, Quesnay and the Physiocrats, Galiani, Beccaria, Verri, and of course, Thomas Robert Malthus.

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