The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Classical Growth Models

  • Donald J. Harris
Reference work entry


Analysis of the process of economic growth was a central feature of the work of the English classical economists, as represented chiefly by Adam Smith, Thomas Malthus and David Ricardo. Despite the speculations of others before them, they must be regarded as the main precursors of modern growth theory. The ideas of this school reached their highest level of development in the works of Ricardo.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Donald J. Harris
    • 1
  1. 1.