Map of Izumi, Nagasaki on The father of the modern discipline of economics, Adam SMITH, was the leader of what has come to be called the classical school. Other prominent members of this 18th- and 19th-century school of thought include David RICARDO, Thomas MALTHUS, and John Stuart MILL. A fundamental belief of most classical economists was that a capitalist market economy would lead to a steady economic development and a rising level of national production and employment. In their view, a market economy has a strong tendency to fully employ all workers. In short, no tendency exists for involuntary unemployment. The fundamental basis for this belief was known as SAY’S LAW of Markets. In essence, Say’s Law asserts that supply creates its own demand. Map of Izumi, Nagasaki 2016.
Map of Izumi, Nagasaki Photo Gallery
Map of Izumi, Nagasaki Holiday Map Q.