A. TIMELINE: Evolution of Key Classical Economic Thought and the Significant Contexts of the Times the Classical Economists lived in
.png)
REFLECTION: My Midterm Journey: Exploring Economic Thought and the Quest for Wealth
A . What you have collectively learned during the Midterm in this Course; I learned a lot about economic thought and the development of economic theories during this course's midterm, primarily through focusing on "The Worldly Philosophers" by Robert L. Heilbroner, particularly chapters 1 to 5. These chapters examined the core principles of some of history's most important economists, including David Ricardo, John Stuart Mill, and Thomas Malthus. I learned about the evolution of economic theories, from the early mercantilists through the classical economists, and how these concepts have influenced how we currently approach economics. These foundational chapters made it easier for me to understand the conceptual and historical foundations of modern economics, notably their perspectives on wealth and its accumulation. I've grown to understand how money was a major issue in these economists' writings and how their views on wealth, its sources, and distr...
Comments
Post a Comment