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achieve Adam Smith agriculture American analysis argued basic became big business big labor business cycles capital accumulation capitalist century classical economics classical economists commodity competitive conflict consumer corporations costs David Ricardo demand depression economic activity economic development economic growth economic policy economic theory economists England equilibrium expansion exports forces full employment goals human ideas ideological important increase individual industrial inflation interest investment John Maynard Keynes Keynes Keynesian Keynesian economics laissez faire less-developed countries liberal lndustrial macroeconomics major market economy Marx Marx's Marxist mercantilist modern money supply monopoly natural neoclassical neoclassical economics OPEC output Phillips Curve philosophy political population problems production profits programs promote prosperity reduced reform relationships result Revolution Ricardo rise Say's Law sector self-adjusting markets social socialist society Soviet surplus taxes theoretical total spending trade unemployment unions United Veblen wages wealth welfare workers