Other than aesthetics and economics, she had little idea what kind of vehicle she wanted.
She herself produced various works on economics, including Political Economy for Beginners (1870), Tales in Political Economy (1875), and, with her husband, a volume of Essays and Lectures (1872).
There is in existence a vast store of accumulated knowledge, and few, if any, departments of economics have been left quite unilluminated by the researches of former generations.
(iii.) Economics can never lead to anything but hypothetical results unless we not only realize that we must " take account of " other than the purely economic factors, but also give due weight and significance to these factors.
But from the end of the 17th century economics has been definitely recognized as a subject of scientific study.
Experimental psychology may in course of time have an important bearing on economics, but the older science cannot be said to be of much significance except in its historical aspects.
That is, it is possible to conceive of an ethical science which would extend considerably our knowledge of economic affairs, but no important new principle or original discovery, relevant to economic investigation, has come from that quarter in recent years, and at present ethics has more to learn from economics than the latter has from ethics.
The methods applied to economics in the 18th and the early part of the 19th century were no more invented with a special view to that subject than the principles of early railway legislation, in the domain.
We must include the pioneers of the historical school, the economic historians, the socialists, the statisticians, and others whose contributions to economics are now appreciated, and without whose labours the science as we know it now would have been impossible.
The appeal to authority cannot be permitted in economics any more than in chemistry, physics or astronomy.
TREATIES; TRUSTS; MONEY; FINANCE; &c. The bibliography of economics as a whole would include a history of all the writers on the subject, and .is beyond our scope here; see the numerous articles on economic subjects throughout this work.
The most important general work published in English is Marshall's Principles of Economics, vol.
Hadley's Economics: An Account of the Relations between Private Property and Public Welfare (1896).
As my professors told me the first day I started studying economics in college (and never tired of repeating), scarcity is the central underlying assumption of all economic theory.
As my economics professors insisted, cost is determined by scarcity and demand.
But in spite of the relative economic displacement they all cause, free trade, outsourcing, and technological displacement all have a positive net effect on the economics of the planet.
But the big question is whether these same economics would apply in a world one hundred times richer than we are right now.
I think those economics are driven by a fundamental scarcity which has been the historic norm and thereby the only one we know.
In lean years, the economics of using fertilizer, diesel-powered irrigation, and other technologies that involve out-of-pocket expense simply don't work.
This year is the happiest because I am studying subjects that especially interest me, economics, Elizabethan literature, Shakespeare under Professor George L. Kittredge, and the History of Philosophy under Professor Josiah Royce.
I used to think that when I studied Civil Government and Economics, all my difficulties and perplexities would blossom into beautiful certainties; but alas, I find that there are more tares than wheat in these fertile fields of knowledge....