Title: The Scope and Method of Economic Science: An Address Delivered to the Economic Science and Statistics Section of the British Association at Aberdeen, 10 September, 1885 (Classic Reprint)
Publisher: Forgotten Books
Publication Date: 2018
Language: English
ISBN 10: 0331680793
ISBN 13: 9780331680799
Binding: HRD
Condition: New
Weight: 304 grams

About this title

Synopsis

A clear, historical look at how economic theory meets real society and policy in practice.

This work surveys theScope and method of economic science, tracing how ideas about liberty, government, and market behavior evolved from Adam Smith to the Physiocrats and German historical thinkers. It explains why modern economics favors careful evidence over sweeping generalizations, and how a disciplined method can illuminate political and social questions.

The address examines the relationship between economic analysis and governmental action, arguing that there are cases where intervention can be desirable and productive. It foregrounds the shift from abstract speculation to empirical study, and clarifies what economists can and cannot claim about the forces shaping wealth and distribution.

How self-interest and competition interact with law, policy, and public welfare
Why a realistic, inductive method matters for understanding economic facts
Where classical theories meet historical facts and modern evidence
Critiques of overconfident promises from fashionable schools of thought

Ideal for readers of economic history, philosophy of economics, and readers seeking a thoughtful, measured guide to how economic science informs public life.

"About this title" may belong to another edition of this title.

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