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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INTRODUCTORY 9 economic studies are not by any means exhausted by economic theory. In order to comprehend of what distinguishable parts economic studies are constituted it will be desirable, perhaps, to consider how Economics began and how it has developed. Economic studies originated, as so many other studies, in practical needs on the one hand and speculative curiosity on the other. In the conduct of business, and particularly in the relation of the State to the business activities of the community, problems which could not be solved offhand were met with ; and many of these problems led to lengthy controversy. I may instance in particular the matter of the currency, and what the policy of the State should be with reference to its regulation ; the matter of foreign commercial intercourse, involving the question as to whether a country is necessarily benefited or the reverse by every species of commerce with its rivals ; and the awkward matter of obtaining resources for the State’s activities, involving the question of the incidence of the burden imposed under different methods of securing them. It is comprehensible, there fore, that writings which could be classified as economic were not very late in appearing in the history of civilisation.

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