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Chapter 28: Economic Ideas (Part 3: The Classics)

The Industrial Revolutions

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The Optimism and Pessimism of Classical Economics

This chapter examines the classical economics era, marked by Adam Smith's 'Wealth of Nations' and its impact during significant historical events. It contrasts the optimism of early economists with the skepticism of figures like Malthus and highlights Jean-Baptiste Say's crucial contributions to economic thought.

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