The Trend of EconomicsA.A. Knopf, 1924 - 556 páginas |
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Página 11
... followed Ricardo . One might well expect that all this popular and scientific interest , all these practical applications would cause a rapid development of economic science . Ricardo had made a hasty survey THE PROSPECTS OF ECONOMICS 11.
... followed Ricardo . One might well expect that all this popular and scientific interest , all these practical applications would cause a rapid development of economic science . Ricardo had made a hasty survey THE PROSPECTS OF ECONOMICS 11.
Página 20
... cause the kind of theory we had in 1914 proved adequate to the de- mands made upon it . I cannot accept this view . The war - times were too full of emergencies to permit of calm reflection , still less did they permit free writing and ...
... cause the kind of theory we had in 1914 proved adequate to the de- mands made upon it . I cannot accept this view . The war - times were too full of emergencies to permit of calm reflection , still less did they permit free writing and ...
Página 28
... causes and consequences to be considered ; the practitioner dealing with specific cases must calculate the magnitudes involved . In proportion as economists face real problems they will strive to cast even their general theory into the ...
... causes and consequences to be considered ; the practitioner dealing with specific cases must calculate the magnitudes involved . In proportion as economists face real problems they will strive to cast even their general theory into the ...
Página 42
... cause are linked by iron necessity , unvarying , universally the same . Since such generali- zations deal , of necessity , with individual cases , it follows that me- chanical laws assume the historical type of knowledge . Such laws are ...
... cause are linked by iron necessity , unvarying , universally the same . Since such generali- zations deal , of necessity , with individual cases , it follows that me- chanical laws assume the historical type of knowledge . Such laws are ...
Página 43
... cause and one effect . Such a con- ception has the merit of simplicity , but in its assumptions of absolute sameness ... causes and , instead , seek to measure the degree of association found in experience between related phenomena . Not ...
... cause and one effect . Such a con- ception has the merit of simplicity , but in its assumptions of absolute sameness ... causes and , instead , seek to measure the degree of association found in experience between related phenomena . Not ...
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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