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Economic thought originated with the rise of the state. Classical economics, or the long-run model, was articulated by [[Adam Smith]] and has since fomented the rise of free-market capitalism in economic thought.<ref>http://cepa.newschool.edu/het/</ref>
Economic thought originated with the rise of the state. Classical economics, or the long-run model, was articulated by [[Adam Smith]] and has since fomented the rise of free-market capitalism in economic thought.<ref>http://cepa.newschool.edu/het/</ref>
== References ==
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[[Category:Economics]]
[[Category:Economics]]