The Outstanding of Talent Economist of Classical School
There are many talented economist of the classical school. For example, Adam Smith, Thomas Malthus, David Ricardo, Jeremy Bentham, and John Mill also the outstanding member of classical school. Adam Smith’s book is the important thing for us to discuss, there is ‘The Theory of Moral Sentiments’ and ‘Wealth of Nations’. Thomas Malthus also one of the founder of classical school, Population growth and market gluts is the important work of him. David Ricardo’s work “Principle of Political Economy and Taxation’ also one of the achievement of sector economy. Next, Jeremy Bentham and John Mill have done some significant contribution for economic sector. In addition, we will compare and contrast the thought of the classical school economist and consider their contributions to contemporary economics thinking. Adam Smith, one of the founder and extraordinary member of the classical school. He is the one who contributed greatly to the economic sector. His doctrines deeply influenced later economics. The most important assets that he left it for us is the two book he wrote, namely, ‘ The Theory of Moral Sentiments’ and ‘ An inquiry into the Nature and Causes of the Wealth of Nations’. The book ‘The Theory of Moral Sentiments’ is a book as ethics, when this book is published, Smith is renowned academia, another book is for the economic book, it appeared astonish the world. Inside the book ‘The Theory of Moral Sentiments’ open with a chapter titled “Of Sympathy’. Smith use the word Sympathy to explain justice, mercy, self-denial, such as the root cause of moral character, and description of the nature of moral judgments and say that the basis of human society must maintaining the harmonious development and human behavior should follow the general code of ethics. Sorrow and gladness in others arouse similar emotions in ourselves. If we can let ourselves placed in other people position, our imaginations can evoke sympathy for a situation of which the other person is unaware.