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Walras also went as far as developing the concept of general equilibrium of an economy.

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Colander, David, 1992: The Microeconomic Myth, in: Colander, David, and Reuven Brenner, eds., 1992. Educating Economists, Ann Arbor, MI: University of Michigan Press. Google Scholar

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The classical school of economic thought emerged in Britain in the late 18th century. The classical political economists Adam Smith, David Ricardo, Jean-Baptiste Say and John Stuart Mill published analyses of the production, distribution and…

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