2.3.7 EVALUATE. Synthesizing Classical Economic Thought

 A. What have you collectively learned during the Midterm in this course

- I was able to look into the lives and views of significant economists throughout my midterm journey while studying about The Worldly Philosophers, including Adam Smith, Thomas Malthus, David Ricardo, and John Stuart Mill. The book demonstrates how several economic theories exist, even among traditional economists. It illustrates the lack of a single, well recognized economic theory and the diversity of opinions among economists on important topics like wealth, government intervention, and population. The concepts discussed in our class have had an important influence on governance and economic policies. Our understanding of the historical underpinnings of economic policies, from laissez-faire capitalism to governmental intervention and social welfare programs, is aided by learning about these economists.

B. Explain briefly your uploaded Learning Evidences

- We may explore Adam Smith's life timeline and other economists' perspective on wealth in my Learning Evidence. It also emphasizes how crucial it is to comprehend the intellectual history of economics, which continues to influence our social and economic policies. We may improve the quality of our decisions in the present environment by taking inspiration from the knowledge and ideas of great economists.