(Neo-)Classical Theory - Introduction

The term 'Classical' refers to work done by a group of economists in the 18th and 19th centuries. Much of this work was developing theories about the way markets and market economies work. Much of this work has subsequently been updated by modern economists and they are generally termed neo-classical economists, the word neo meaning 'new'.

In this section we look more generally at the work of Classical economists. Follow the links below or at the foot of the page to find out more detail about what they believed in and the policies they proposed.

• Beliefs
• Theories
• AS & AD
• Policies
• Virtual Economy policies

Intro | Beliefs | Theories | AS & AD | Policies | VE Policies