HOW DID THE CLASSICAL ECONOMISTS VIEWED WEALTH?


The infographic contains a visual representation of the great economists: Adam Smith, Thomas Malthus, David Ricardo, and John Stuart Mill's perspectives of wealth. The infographic features different illustrations and icons that represent the classical economists’ concept of wealth. These economists had a variety of specific views of wealth and ways it can be achieved.  However, they shared the view that wealth can only be achieved by the concept of laissez-faire where the market is free to trade and regulate itself without any government intervention.

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THE CLASSICAL ECONOMISTS' TIMELINE

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In the duration of the midterm of the course, we have discussed and explored the ideas and theories of the 4 prominent classical economists: Adam Smith, David Ricardo, Thomas Malthus, and John Stuart Mill. The timeline’s arrangements are structured in chronological order of their birth years and are divided into distinct parts in a way that the presentation of information is easy to understand. On the upper part of the timeline, I displayed their significant contributions to economic thought. In addition, I also indicated their life dates to show the timeframe they developed their ideas. Lastly, their portraits are shown to put faces on the significant figures we were studying. On the lower part of the timeline, the events with the years they took place in the mentioned great economists' lives were indicated. The unfolding of these events has shaped their thinking and helped develop and shape their economic ideas and theories.
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