Classical Economics people

1. In what way does Adam Smith & David Ricardo were connected with economics? Aim K. 9-2 Classical Economics

2. Adam Smith 16 June 1723 - 17 July 1790 He was a Scottish philosopher. Self interest in economics. Included as one of the Scottish Enlightenment. Wrote two famous books based on economics; “The Theory of Moral Sentiments” and “An Inquiry into the Nature and Causes of the Wealth of Nations.” People cited him as a father of economics. Classical Economics

3. Adam Smith 16 June 1723 - 17 July 1790 Adam Smith thinks that the role of government is to protect and make sure people follow the laws and shouldn’t mess up with economics. His ideas are not just only a foundations for an economics school, but it made people renowned him as a father of economics. Classical Economics

4. His ideas were based on how economics should work or how it is work. After Smith had passed, but his ideas son economics were chose to stay alive. Adam Smith 16 June 1723 - 17 July 1790 Classical Economics

5. David Ricardo He was an English political economist. He was 1 of the 4 influential economists. Ricardo’s interest in economics was inspired by Adam Smith’s book “Wealth of Nation”. Ricardo decided to answer a currency questions in newspaper articles. 19 April 1772 – 11 September 1823 Classical Economics

6. Ricardo spends his 34 years studying on economics and in the last year he eventually become a professional economist. One of his idea is that a country that trades for a product can get a lower cost from another country if the product itself were made at home. David Ricardo 19 April 1772 – 11 September 1823 Classical Economics

7. Bibliography http://www.heartoscotland.com/Categories/adam-smith.htm http://www.investopedia.com/articles/economics/08/adam-smith-economics.asp http://en.wikipedia.org/wiki/David_Ricardo http://www.victorianweb.org/economics/ric.html http://homepage.newschool.edu/het//profiles/ricardo.htm http://www.econlib.org/library/Enc/bios/Ricardo.html