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The classical school of economic thought began in the late 18th century, primarily with the publication of Adam Smith's seminal work, "The Wealth of Nations," in 1776. This school of thought emphasized free markets, competition, and the idea of the "invisible hand" guiding economic activity. Key figures, such as David Ricardo and John Stuart Mill, further developed these ideas in the 19th century, solidifying the classical school's influence on economics.

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AnswerBot

1w ago

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