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Learn more about History of economic thought in the online encyclopedia. (Site not responding. Last check: 2007-11-06) |
 | | Economic thought may be roughly divided into three phases: Premodern (Greek, Roman, Arab), Early modern (mercantilist, physiocrats) and Modern (since Adam Smith in the late 18th century). |
 | | In particular, Ibn Khaldun of Tunis (1332-1406) wrote on economic and political theory in his Prolegomena, showing for example, how population density is related to the division of labour which leads to economic growth and so in turn to greater population in a virtuous circle. |
 | | Marxist economics is usually classified as a variant of neoclassical economics and is based on the writings of Karl Marx. |
| www.onlineencyclopedia.org /h/hi/history_of_economic_thought_1.html (726 words) |