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Excerpt from Outlines of Economics: A Syllabus for Introductory Study
Adam Smith, 1776: Inquiry into the Nature and Causes of the 'wealth of Nations.
Nassau Wm. Senior, 1836 The science which treats of the nature, the production and the distribution of wealth.
John Stuart Mill, 1848: Writers on Political Economy profess to teach, or to investigate, the nature of Wealth, and the laws of its production and distribution.
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Excerpt from Outlines of Economics: A Syllabus for Introductory Study
1. Definition, Scope and Scientific Character of Economics.
a. Definitions used at different periods of economic study reveal the change in its character.
Adam Smith, 1776: Inquiry into the Nature and Causes of the wealth of nations.
Nassau Wm. Senior, 1836: "The science which treats of the nature, the production and the distribution of wealth."
Luigi Cossa, 1877: "The science of the social ordering of wealth."
Seager, 1913" "Economics is the social science which treats of that portion of human activity which is concerned with earning a living.'
b. "'Money,' is the center around which economic science clusters because in this world of ours it is the one convenient means of measuring human motive on a large scale."
c. Not all subjects of study are sciences. The characteristics of the sciences are ability to classify facts or phenomena in orderly arrangement; and to establish relations of sequence or cause among them. From these follow some possibility of prediction. Sciences have these characteristics in very different degrees.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Paperback. Zustand: New. Print on Demand. This book offers a comprehensive overview of the fundamental principles of economics, examining the subject through the lens of its historical development. The author delves into the evolution of economic thought, tracing its trajectory from ancient times to the dawn of the 20th century. The book explores key concepts such as wealth, production, consumption, value, and exchange, placing particular emphasis on the societal impact of economic forces. The author meticulously analyzes the changing nature of industrial organization, highlighting the transition from traditional family-based production to the complex, capitalistic systems of the Industrial Revolution. Readers will gain insights into the interplay of demand and supply, the role of labor, and the significance of capital accumulation. The book further illuminates the dynamics of competition and its impact on economic growth. Through a detailed examination of these fundamental principles, this book provides a rich understanding of the intricate relationship between economic forces and societal progress. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781330021040_0
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