What is the definition of Classical? π π
One that is classical in some way; for example, a classical economist.
Alright class, settle down and letβs take a look, At this word βclassical,β a linguistic hook! The dictionary gives us the simple gist, βOne thatβs classic,β a beautiful tryst. But what does βclassicβ πreallyπ mean you see? It's more than just old β it has depth for me! Think of something timeless, a golden decree, A standard of excellence, for all to agree. Let's break it down with a little rhyme: Classical means "the best in time!" Consider this - when we talk about 'classical economics,' It doesnβt just mean old, like ancient relics! Instead, it refers to theories that were key, The foundational thinkers for you and me. Think Adam Smith, with his market bright, Or David Ricardo, shining a light. These ideas are πclassicπ, they've stood the test, Principles still used, putting knowledge to the crest! So βclassicalβ means established, renowned, A benchmark of quality, firmly bound. It points to something truly great and true, A cornerstone concept for me and you! Do you have any questions about this now? Don't be shy, let's discuss!