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ECON 305 Development of Economic Thought

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Economic Thought as per the course ECON 305 Development of Economic Thought goes as far back as the ancient Greeks and is defined to have been a necessary topic in the ancient Middle East. However, Adam Smith was inspired by French writers who shared his hatred of mercantilism.

Schumpeter as per the course ECON 305 Development of Economic Thought holds that "economic thought is the sum total of all the views and desires regarding economic subjects especially concerning with public policies of different times and places". He further described that the history of economic thought traces the historical change of attitudes.

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