The classical economists believed interest rates determined savings, while keynes said it was income.
David Ricardo, Thomas Malthus, Anne Robert Jacques Turgot, John Stuart Mill, Jean-Baptiste Say, and Eugen Böhm von Bawerk are a few more prominent figures in classical economics.
Because of how supply and demand interact to affect price, classical economists hold that the market is always open and free. No intervention is required because the market regulates itself. People who support this kind of macroeconomic policy are referred to as laissez-faire economists.
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