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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PROBLEMS OF DISTRIBUTION 249 quite devoid of facts—of facts as they were conceived by Dickens’ embodiment of a dry and inflexible commercial philosophy, or negation of philosophy. It would be some what late in these closing words to defend my envisagement of the real elements of Political Economy—which are not such facts—and it is now unnecessary after the remarks contained in the Introduction and others scattered throughout the book. Nevertheless a few observations may be offered, as much by way of summary as of supplement, concerning the nature, sphere and limitations of economic theory, the true elemental fact which transforms discussion of economic problems from haphazard em piricism into a science. Every student of Economics who thinks for himself is bound, from time to time, to feel with something of a shock the contrast between what he sees and hears in the world as it is on the one side and what he has learnt on the other side. He may search in vain for the marginal “ dose,” and find the con ception of the marginal return in a firm foreign to the business mind and underivable from ledgers ; he may see workmen arranged in trade clusters which seems as little likely to be recruited from each other as flocks of

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