William Smart
Encyclopedia
William Smart was a British
economist
. Originally a conveyor of the thought of the Austrian School
, Smart was increasingly won-over to the neoclassicalism
of Alfred Marshall
.
Smart, eldest son of Alexander Smart and grandson of Reverend William Smart, was born in Barrhead, Scotland
.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
. Originally a conveyor of the thought of the Austrian School
Austrian School
The Austrian School of economics is a heterodox school of economic thought. It advocates methodological individualism in interpreting economic developments , the theory that money is non-neutral, the theory that the capital structure of economies consists of heterogeneous goods that have...
, Smart was increasingly won-over to the neoclassicalism
Neoclassical economics
Neoclassical economics is a term variously used for approaches to economics focusing on the determination of prices, outputs, and income distributions in markets through supply and demand, often mediated through a hypothesized maximization of utility by income-constrained individuals and of profits...
of Alfred Marshall
Alfred Marshall
Alfred Marshall was an Englishman and one of the most influential economists of his time. His book, Principles of Economics , was the dominant economic textbook in England for many years...
.
Smart, eldest son of Alexander Smart and grandson of Reverend William Smart, was born in Barrhead, Scotland
Barrhead
Barrhead is a town in East Renfrewshire, Scotland, southwest of Glasgow on the edge of the Gleniffer Braes. As of the 2001 census its population was 19,813....
.