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...... Numerous other economists followed and made major contributions to the field. David Ricardo is for instance most renowned for his theory of comparative advantages, an issue highly used in todays modern international trade. He said that each country should recognize its limitations and only produce those goods for which they held a comparative advantage (such as natural resources or skilled labor force). They would then exchange them on the market for the items they cannot produce
Other classic economists include Thomas Mathus, who argued for a minimal governmental interference in economy, or John Stuart Mill, who was the advocate of a balance between supply and demand. This balance and the limited political interference in the economic life are the primary concepts at the basis of the classic economic thought......

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