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

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

26 POLITICAL ECONOMY tiating the experiences relating to it, as I have put it. In the case of demand, for instance, we do not say, if we are careful scientists, that this book, taken as an isolated fact, is worth so much to a given person, because it cannot be thought of as an isolated fact. We merely say that this book makes a certain difference to the person in question which he values at so much. Finally, let it be clearly understood that we are not treating of things as they would happen in a community of thoroughly selfish people who thought only of their own material circumstances—in short, we do not now begin our economics by postulating the scarecrow known as the economic man, as some early economists did—unless we are aiming at the roughest of approximations. On the con trary, we take people as they are, with their mixture of meanness and nobility, but in studying them from the economic point of view we ignore everything, for the time being, which, as a cause, is not economic, or, as an effect, is not an economic reflex. In brief, we abstract not motives and impulses of a particular kind, but only activities or aspects of activities of a particular kind. So when a recent writer exhorted economists “ once and for ever to abolish the feverish, over-

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