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 13 of its results to these other studies and to practice. My point rather is that Adam Smith had not clearly envisaged a positive science of economics, and possibly had not sufficiently severed in his mind the purpose of natural science from other purposes to enable him to avoid confusion of issues. It is only, however, when the' mind’s eye is kept fixed on one aim, at one time at any rate, that rapid progress in knowledge can be looked for. The pure scientist generally leaves the practi cal application of his discoveries to others ; and practical application may hang years behind. It was left to Ricardo to unravel from the tangle in which he found them the portions of political economy which treated of cause and effect, and to give to many of them a more scientific finish. But even Ricardo, despite the cold light of his purely scientific interest, was not entirely successful. And there followed others who were amazingly successful in confounding the dry scientific point of view with a conception of society as a system of unemotional atoms, or worse, with the idea that a soulless mechanism driven by self-interest as the motive power was the right thing to aim at. By the doctrines of these blundering teachers—for whose mistakes,

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