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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252 POLITICAL ECONOMY and accomplish the good and great is the wish of every age in its most exalted mood, but intuition will not satisfy this wish, and move ment backed by confused ideas means mere bustle without achievement. The nature of man and of the product of his gregariousness in society must be explored, if social efforts are not to meet with disappointment, and in their exploration we shall find ourselves studying now Ethics and Psychology, now Political Science and Sociology, and now the romance of History. The investigation of ends or ideals is out of the question in these closing pages, but expression may be given to two thoughts connected with the bearing of abstract economics on their construction. It is an error—from which the past has suffered— to suppose that the ideal social system must necessarily be very like the one now pictured by the abstract economist when for purposes of theory he removes social friction. Yet, economic theory may afford help in testing the workableness of schemes of reform ; but we must be on our guard against trusting over much to the infallibility of the economic test when it is abstract, and against assuming too readily that circumstances are unmodifiable when our economic test is realistic—though, granting that “ we were fishes and may become

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