What are preclassical contributions?
Preclassical contributions refer to the early economic theories developed before the classical school of economics emerged in the 18th century. These contributions laid the groundwork for later economic thought by scholars such as the physiocrats, who emphasized natural economic laws, and mercantilists, who focused on national wealth through trade and accumulation of gold and silver. Preclassical thinkers also explored topics such as value theory, international trade, and the role of government in the economy.