Political economy

Bibliographic data

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

Usage license:: Get license information via the feedback formular.

250 POLITICAL ECONOMY sheep from herds of deer, and the notion that labour has a supply price for each purpose may seemingly stand exposed as a pure fabrication ; and, watching the course of a labour dispute, after the most patient and microscopic scrutiny, he may detect not the faintest reference to the marginal worth of labour, but, on the contrary, be rudely forced against his armchair convictions to adopt the view that the success of the men depends upon the financial resources of their union, the astuteness and vigour of their chief officials and the pliability of employers. All that may thus be seen is real—fact which is not to be blinked—but to wipe out the refinements of theory when we admit this is like refusing to believe in radio-activity because we cannot observe it with the naked eye. The most highly endowed and best trained scientific mind will accept every theory to which reason compels assent, however dilatory and minute the tendencies covered by it, and at the same time reject no facts, however individual and exceptional, because they seem to be outside accepted theories. A complete Economic Science may be imaged as a weird pyramid with an extensive base (of the earth earthy), made up of tangible facts just theorised enough to hold together, but an apex (rarefied

Access restriction

Copyright

fullscreen: Political economy

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation