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Excerpt from Economic Method and Economic Fallacies
The unfaltering progress of the physical sciences, always able to make sure of the ground behind them as they advance, has given rise in some quarters to the idea that a similar steady course of progress might be in store for the mental sciences proper, as well as for such quasi-mental sciences as economics, if they were, without more ado, to adopt with little variation the methods of physics. Such a view, it seems to me, ignores the essential character of the dividing line that separates the two branches of investigation. Its application in practice, as, for example, by the mathematical economists, has led not so much to an imitation as to a travesty of physical methods. The endeavour is made in the first part of this book to demonstrate the necessary futility of all such attempts, and, in the second part, to illustrate the unhappy results of the fallacious procedure by typical examples.
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- PublisherForgotten Books
- Publication date2018
- ISBN 10 133006318X
- ISBN 13 9781330063187
- BindingPaperback
- Number of pages308
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Economic Method and Economic Fallacies (Classic Reprint)
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Paperback. Condition: New. Print on Demand. This book examines the intricate relationship between economics and mental sciences, delving into two contrasting approaches to scientific inquiry. The author argues that when analyzing economic questions, we can either follow the methods of physics, employing observation and experiment, or adopt the methods of mental sciences, which involve introspection and the analysis of language. The author maintains that the popular use of language is a valuable tool for understanding economic concepts, and that appealing to common usage can serve as a valid test of truth in economic theory. Through numerous examples, the book illustrates how relying on popular language can help identify fallacies and guide economic reasoning. By exploring the logical foundations of economics, this book offers a fresh perspective on the nature of economic inquiry and the insights it can provide. Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781330063187_0
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Economic Method and Economic Fallacies Classic Reprint
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Economic Method and Economic Fallacies Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330063187
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