It may seem a little odd to encourage you to check
out your understanding of the term 'classical political economy' by putting up
images of dollars and gantry cranes. Yet American influence was an outcome of
much of the features of political economy as it developed in Europe. The
purpose of this page is to pose some questions to you to enable you to check out
your understanding and see what you need to learn.
Remind yourself what
we mean by a 'market'. If you are unsure visit
Definitions
of Markets. 1. Can we simply consider a market as a set
of arrangements for exchange?
2. Does the early concept of a market
require notions of class or other forms of stratification or are these later
additions arising from economic and political struggle?
Contact the
unit tutor with your ideas on these two points and your reasons for holding
your ideas.
ANSWER THESE QUESTIONS BEFORE YOU EXPLORE THE WORK OF ADAM
SMITH AND DAVID RICARDO
PAGES UNDER CONSTRUCTION
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to Globalization
Outline