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History of Economic Analysis part 130

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in wage-fund theory of wages, 666;. as postulate of classical period, 889;. not a postulate of neo-classical period, 889–90;. acceptance of by neo-classical theorists, 890;. See also Demography;. See also Keynesian System. Longfield’s and Thünen’s vs. Jevons’ and Menger’s, 941–2;. Marshall’s, 941–2;. See also Diminishing Marginal Productivity, Law of Marginal Propensity to Consume, see Keynesian System;. neglect of, in classical...

History of Economic Analysis part 1

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HISTORY OF ECONOMIC ANALYSIS. JOSEPH A.SCHUMPETER. WITH AN INTRODUCTION BY. MARK PERLMAN. First published in Great Britain in 1954 by Allen &. Unwin (Publishers) Ltd This edition published in the Taylor &. “To purchase your own copy of this or any of Taylor &. Twelfth impression 1981 First published in paperback 1986 This book is copyright under the Berne Convention.....

History of Economic Analysis part 2

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His fifth effort involved his interpretation of the filiation of ideas in the development of economic theory. 1.3 The unfinished History of Economic Analysis (HEA) is the most significant part of the fifth and last of Schumpeter’s great projects. To others, it is the quintessential, if uncompleted, final great professional tour d’horizon of the leading practiced academic professional economics visionary...

History of Economic Analysis part 3

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In general, Robbins thought that Schumpeter’s bias against classical economics reflected the feelings of someone outside the ‘true’ Utilitarian tradition. Robbins wrote that Schumpeter’s perception of the influence of Bentham’s and James Mills’. most English writers were more balanced in their assumptions of the meaning and consequence of that doctrine.. However, it is when Robbins sets out to demolish Schumpeter’s...

History of Economic Analysis part 4

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THE History of Economic Analysis, upon which Joseph A.Schumpeter worked during the last nine years of his life and which he had not quite finished, was the result of his intention to translate, revise, and bring up to date the ‘little sketch of doctrines and methods’ (Epochen der Dogmen—und Methodengeschichte) written for the first volume of Max Weber’s Grundriss, which...

History of Economic Analysis part 5

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PLAN OF THE BOOK. BY HISTORY of Economic Analysis I mean the history of the intellectual efforts that men have made in order to understand economic phenomena or, which comes to the same thing, the history of the analytic or scientific aspects of economic thought. Part II of this book will describe the history of those efforts from the earliest...

History of Economic Analysis part 6

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In practice this has been recognized at least since the sixteenth and seventeenth centuries when a large part of the work of the Spanish políticos, for example, consisted in the collection and interpretation of statistical figures—not to mention the English econometricians, who were called political arithmeticians, and their fellow workers in France, Germany, and Italy. But a comment has to...

History of Economic Analysis part 7

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mix techniques in a manner that differs considerably from what their chosen specialties might be thought to require—a fact that we must keep in mind if we are to understand why economics is what it is. In principle, however, it is impossible to divorce any of the applied fields from the fundamental ones.. Beyond this, however, they have repeatedly developed...

History of Economic Analysis part 8

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In particular it is not necessary that the concepts we use in the study of social groups should be familiar to the members of these groups themselves: the fact, if it be a fact, that the concept of income was not familiar to the people of the Middle Ages before the fourteenth century is no reason for not using it...

History of Economic Analysis part 9

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We have just noticed the unchallenged fact that the transition from the marginal utility theory of value to a theory of value based upon the concept of marginal rate of substitution was ideologically neutral in the sense that either can be shown to be equally compatible with any ideology whatsoever. But this was not so with the preceding phase of...

History of Economic Analysis part 10

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The artistic quality of the Politeia and of the whole literature—mostly lost—of which the Politeia seems to have been the peak achievement is well brought out by the German term for it, Staatsromane (literally: state novels). The reader presumably knows that more or less under the influence of the Platonic example, this type of literature again found favor in the...

History of Economic Analysis part 11

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It is by slow degrees that the physical and social facts of the empirical universe enter the range of the analytic searchlight. In the beginnings of scientific analysis, the mass of the phenomena is left undisturbed in the compound of common-sense knowledge, and only chips of this mass arouse scientific curiosity and thereupon become ‘problems.’. He did not even classify...

History of Economic Analysis part 12

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it not that historiography, inspired by a popular version of Marxian sociology, may easily create the impression—to put it in the crudest possible way—that medieval thought was merely the ideology of a landholding warrior class, verbalized by its chaplains. This impression would be wrong not only from the standpoint of those who refuse to accept the Marxian sociology of ideas,...

History of Economic Analysis part 13

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this doctrine from the standpoint of economic thought or, conceivably, also from the standpoint of a philosophical interpretation of analytic procedures, there is nothing in it that concerns these analytic procedures themselves: the rest of the book will establish this point. that the former are the really relevant entities with which the social sciences have to deal. that the latter...

History of Economic Analysis part 14

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of 1571, the only one known to me, under the title Summa de tratos y contratos), has been included only because of his ‘quantity theory of money’ and cannot be put on the same level with Lessius, Molina, and de Lugo in any other respect. All that need be said about the sociology of the later scholastics is that they...

History of Economic Analysis part 15

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But what, if that be so, becomes of the great battle on interest between scholastic and anti-scholastic writers that is supposed to have raged in the sixteenth and seventeenth centuries? So far as the history of economic analysis is concerned, the only answer is that there was no battle. Even the most famous leaders on the anti- scholastic side such...

History of Economic Analysis part 16

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Though separated from the scholastics by the religious split and by the change in the political scene, they were of the same professional type as the scholastics and they went about the same task, by the same method, in much the same spirit—so much so, in fact, that the best way of characterizing them is to call them Protestant (or...

History of Economic Analysis part 17

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that social processes are governed by a super-individual logic of their own, to the understanding of which the psychology of individuals and groups has nothing to contribute except the knowledge of surface phenomena for the sake of which, moreover, it is not necessary to go very far into psychology. No matter which of these two views of the nature and...

History of Economic Analysis part 18

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The fact that, among other things, he was a lawyer and always stressed legal aspects (the history of law was to him the history of the human mind) is important because it brings out his relation to the philosophers of natural law. of the first introductory part of his history, 1863–8, all I know). But the work is the outstanding...

History of Economic Analysis part 19

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Nevertheless we shall, for convenience, go on speaking of the National State.. But it should be clear that it was the persistence of aristocratic rule, the access of ideally disposable wealth, and the breakdown of the supernational power of the Middle Ages—rather than anything derivable from the capitalist process itself—that explain not only the emergence but also the political physiognomy...