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 19 working nevertheless harmoniously, perhaps in collaboration, and achieving together results that stand. Little serious and sustained re flection by men of judgment has been pro ductive of results which are wholly or mainly ephemeral. After John Stuart Mill the progress of economics bifurcates. On the one hand the analytical method was perfected and on the other hand induction and history began to play a distinctive part. We shall first notice the improvements in analysis ; for it is chiefly to the broad results of these that the present volume will be devoted. Finally some consideration must be given to the claims of induction and history. Duly to assign credit with regard to the discovery and development of new ideas is a difficult and thankless task, which will not be essayed here. Suffice it to remark that among the most original workers in connection with the advance of analytical economics devons and Léon Walras stand out promin ently, and that to Dr. Marshall belongs the distinction of having realised the far-reaching application of the new ideas, of having refined them and brought out unsuspected implica tions, and of having presented economic phenomena unified for the first time in

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