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Classical economics played an important role in helping the United States establish
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a laissez-faire (free‑market) economic system.
Classical economists like Adam Smith and David Ricardo promoted limited government intervention, private property, and free trade—ideas that influenced U.S. economic policy and the development of American capitalism.
Classical economists like Adam Smith and David Ricardo promoted limited government intervention, private property, and free trade—ideas that influenced U.S. economic policy and the development of American capitalism.
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