Reflections On The Classical Economics As The Basis Of Economic Liberalism

The purpose of the work is the reference to the classical economics theory as the basis of economic liberalism in the present globalisation conditions, occurrence of global financial crisis, wide-spread technological progress, information technology and productive innovations, and deepening of social inequalities. Among the economics classicists whose achievements are analysed in reference to the contemporary world and contemporary economy the following ought to be named: Adam Smith, Bernand de Mondeville, David Ricardo, Thomas Malthus, Jean Baptiste Say, Henri se Saint Simon, Stuart Mill, Pierre Proudhon and Carl Marks. The attention was paid to the division of classical economics into liberal and radical fractions and distinguishing different economic schools in reference to specific factors or criteria such as: market, range of possible regulations or range of subjectivism of presented concepts.