Classical /Neo-classical

                                 古典/新古典學派

God helps those who work hard

     Introduction                                                               簡介

        -Classical refers to work done by a group            - 古典學派乃指於十八及十九世紀

          of economists in the 18th and 19th centuries.       一群經濟學者的工作            

        -Their work was to develop theories about          - 他們發展有關市場及市場機制運

          how markets and market economies work.         作的理論

        -Modern economists updated their work and     - 現代經濟學家更新他們的工作而

          they are called neo-classical economists.               被稱為新古典學派

        -Influential economists include                               - 具影響力的經濟學者包括

          Adam Smith                                                              亞當斯密

           David Ricardo                                                          大衛李嘉圖

           Jean-Baptiste Say                                                      珍比堤賽爾

           Irving Fisher                                                             艾榮菲莎

           Beliefs                                                       信念

         - Population over grows resources available.              - 人口增長超出資料增長

         - Diminishing returns cause problems for growth.      - 酬報遞減引起經濟增長問題

         - Free trade and free market can encourage growth.    - 自由市場及貿易能鼓勵經濟增長

         - Invisible hand guides economic activivies and          - 無形之手帶領經濟活動導致最佳

            leads to the optimum equilibrium.                              之均衡

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