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Classical theory of growth and stagnation : ウィキペディア英語版
Classical theory of growth and stagnation

Classical economics refers to work done by a group of economists in the eighteenth and nineteenth centuries. The theories developed mainly focused on the way market economies functioned. Classical Economics study mainly concentrates on the dynamics of economic growth.〔http://www.investopedia.com/terms/c/classicaleconomics.asp#axzz1Znt5MQ8Z〕
The generalized classical theory on growth and stagnation is a combination of the contributions of Adam Smith, David Ricardo and Robert Malthus. The theory was put together by combining the common strands of thought, within the individual growth theories, of these renowned classical economists.
To understand the generalized classical theory of growth and stagnation, let us first look into the individual theories propagated by each of the three economists in detail.
==Adam Smith's theory of growth==

Adam Smith (1723–1790) was a Scottish philosopher and economist who is renowned as the author of ''The Wealth Of Nations'' (1776), one of the most influential books on market economics ever written.〔http://www.adamsmith.org/adam-smith/〕 Adam Smith was born in 1723 on an unknown date. He studied moral philosophy at the University of Glasgow and Balliol College, but eventually left the latter and made a name for himself as a traveling lecturer. He later became a professor of logic, ethics, rhetoric, jurisprudence and political economy.〔http://rebirthofreason.com/Articles/twigg/Karl_Marx_versus_Adam_Smith.shtml〕

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