Escuela Clásica

Escuela Clásica, or Classical School, is an economic theory from the 18th and 19th centuries emphasizing that free markets naturally regulate themselves through supply and demand. It believes that markets are most efficient when individuals pursue their self-interest, leading to optimal resource allocation. Key ideas include minimal government intervention, the role of competition, and the importance of rational actors. This perspective laid the foundation for modern capitalism, suggesting that economies are best when they operate without heavy regulations, allowing natural forces to achieve full employment and growth.