Ueber die Möglichkeit einer volkswirthschaftlichen Harmonie

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Monograph

Identifikator:: 1755918933

URN:: urn:nbn:de:zbw-retromon-131297

Document type:: Monograph

Author:: Gide, Charles http://d-nb.info/gnd/117543985

Title:: Premières notions d'économie politique

Place of publication:: Paris

Publisher:: Michel

Year of publication:: 1927

Scope:: 185 S

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapitre II. L'échange et la valeur

Collection:: Economics Books

SEMAINE D'ÉTUDE SUR LE ROLE DE L ANALYSE ECONOMETRIQUE ETC. 575 no longer with a problem of rationality, but with a process of learning. Any mathematical formulation of it cannot but be in terms of functions of time, since the process makes short steps, and may appear quite negligible, in the short run; but, as it goes on incessantly, it is inevitably bound to become the more pronounced the longer the period which is considered. The contrast with the simple concept of trade is now evident. The passage from a position of no trade to a position of trade means a jump, which may be quite big but which is tem- porary, as it ends when the new equilibrium situation has been reached. The process of learning associated with industry, on the other hand, means a persistent movement, not a once-for-all change, but a rate of change in time — a movement which is cumulative and indefinite. In this sense, industry comes to realise most properly the concept of progress which is inherent in modern society. Clearly, these are two distinct series of problems. A part- icularly important difference between the two, for theoretical analysis, is that they acquire an opposite practical relevance in relation to time, the former being relevant (in the short run) just when the latter is practically irrelevant and the latter be- coming relevant just when (in the long run) the former becomes irrelevant. Both series of problems have been of course con- sidered, in the course of development of economic thought. But according as to whether the economic theorists have been mainly impressed by the former or by the latter, the attitude they have taken to the type of hypotheses to choose has been diametrically opposite. 2. Scarcity versus learning tn economic analysis There are clear indications — it seems to me — that the Classical economists, writing under the strong impact of the English « industrial revolution », were well aware of the two -10] Pasinetii - pag. 5

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