Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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8 POLITICAL ECONOMY particularly by Dr. Marshall. Though the new generalisations were suggested at many points by mathematics, it is perfectly easy to represent them in simple language which implies no mathematical knowledge ; and I shall try so to do. Indeed the fundamental ideas in modern economic theory are by no means difficult to understand ; and if there fore I should fail in my object it will be my fault and not the fault of the subject. Far from confusing simple issues the new work has clarified what was previously obscure and rendered economic theory easier for everybody to grasp ; but at the same time it must be admitted that it puts a greater strain on the reader’s powers of concentration, inasmuch as it rejects all vague conceptions and loose reasoning and insists on exactness. Whatever be the method of treatment adopted, the scope or nature of economic studies calls first for discussion. The substance of economics consists in all economic facts. Economic facts may be described as any facts which have relation at the same time to man on the one hand and wealth on the other ; and for our present purpose it is sufficient to think of wealth as made up of all the things desired by man which can be attained only with the expenditure of human effort. Now

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