The Trend of Economics

Adam Smith Agassiz analysis applied assumption behavior business cycle capital cause common competition conception conclusions consciousness consumers coöperation cost demand desire differential advantage distribution earnings Econ economic theory economists effect efficiency enterprise ethical fact factors field human important incentives income increase individual induction industry institutions integral interest involved J. M. Keynes knowledge labor laissez-faire laws less limited logical Louis Agassiz marginal marginal productivity marginal utility means measure method Michael Faraday motives natural law nature nomic objective opportunity cost organization pecuniary perfect competition phenomena physical possible practical prediction present principle probability problem production profits psychology pure quantitative question reason regulation relations scientific sense social society standard statistical supply things tion true truth utility value theory Veblen wages wealth welfare welfare economics workers