Ashab Hossain Khondokar, Tamanna Akter Tithi
Cover Design: Farha Tasneem
Economics is the drop of water that contains the entire ocean of knowledge for development. As a result, it constantly changes forms and expands its dimensions, much like a wave. Consequently, we discover a plethora of ideas and opinions about this enchanted subject. Now, let us examine the magic of economics through the process of upholding the different layers of thoughts while holding the hand of time and travelling down the route of history.
Schools of economic thought describe the variety of approaches in the history of economic thought noteworthy enough to be described as a school of thought. While economists do not always fit into particular schools, specially in modern times, classifying economists is common. Economic thought may be roughly divided into three phases: premodern, early modern and modern.
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