In the view of Thomas Jefferson, the economic philosophy of the nation should be based on what economic theory?

Question

Quizplus · Accepted Answer

Thomas Jefferson believed in an agrarian economy and emphasized the importance of agriculture and farming. However, when it comes to economic theory, the closest match from the given options is "supply and demand," which is a fundamental concept in economics that affects the production and pricing of goods, including agricultural products. Jefferson's views were more nuanced and focused on the agrarian aspect, but in the context of these options, supply and demand principles would underlie the economic transactions in an agrarian society.

In the View of Thomas Jefferson, the Economic Philosophy of the Nation