The Political Economy of today is very different from the political economy of the 18th and 19th century (when it was created), hence the use of “classic” and “modern” political economy. Classical political economy studies ideas of authors who were engaged in political economy from its very beginnings in the 18th and 19th centuries, right up to the Second World War. One of the most important works of classical political economy is The Wealth of Nations (1776) by Adam Smith, often regarded as the first work of political economy.
Our experts can help you understand classical political economy by analyzing state interference in economic affairs and economic sphere in the area of production and distribution of economic goods.
Classical political economists believe that the market in which individuals are free to exchange goods and services is sufficient to meet private and social goals.
Our experts can help you with any projects related to the branches of classical political economy, including economics, individualism, political liberalism, neo-institutionalism, marxism, and other socio-economic paradigms. Trust the experts at Homework Help UK, get a quote now.