distribution theory

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neoclassical economics

Adam Smith (1723—1790) moral philosopher and political economist

David Ricardo (1772—1823) political economist

classical economics

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An economic theory that addresses the distribution of national income among individuals and groups, particularly the division of wages and profits. There are four broad categories of distribution theory: classical, Marxian, post-Keynesian, and neoclassical.


Subjects: Social Sciences.

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