Sinopsis
Excerpt from Economic Principles, Vol. 1
The more thoro analysis Of the economic properties of goods and actions has shown the need of new terms and of new definitions for Old terms, as in the cases of usance, the sepa rable use, rent, labor-income, time-preference, capital, interest, abstinence, consumptive, durative, and many other expressions. It is hoped that this revision Of fundamental concepts, as well as the new treatment Of enterprise and profits, the fuller statement of the capitalization theory of interest, and the separation Of the dynamic from the static theory, will be found helpful to teachers and acceptable in the end to all economic students.
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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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Reseña del editor
Excerpt from Economic Principles, Vol. 1
The more thoro analysis Of the economic properties of goods and actions has shown the need of new terms and of new definitions for Old terms, as in the cases of usance, the sepa rable use, rent, labor-income, time-preference, capital, interest, abstinence, consumptive, durative, and many other expressions. It is hoped that this revision Of fundamental concepts, as well as the new treatment Of enterprise and profits, the fuller statement of the capitalization theory of interest, and the separation Of the dynamic from the static theory, will be found helpful to teachers and acceptable in the end to all economic students.
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.
Reseña del editor
Excerpt from Economic Principles, Vol. 1
The general texts in political economy from the middle of the nineteenth century have been to a remarkable degree conventionalized. The ambition of successive writers has been "to modernize Mill" rather than to modernize economics. Books continue to appear, repeating with little essential change the theoretical system of the English classical school. Their innocuous references to more recent constructive criticism have little purpose but to evidence the erudition of the authors and their spirit of Christian charity.
Meantime, from 1870 on, critical studies had shown not only the historical relativity but the logical fallacy of a large part of the older treatment. A body of esoteric economic doctrine developed, discussed only by the initiated, and merely hinted at in undergraduate instruction. So far as this newer thought affected the presentation of economics in the general texts and to college classes it was only in negative and superficial ways, such as substituting the novel soporific locutions of the marginal utility school for the older catch-words of "cost of production." Indeed, it was impossible for the individual teacher of economics to incorporate the newer ideas into his elementary courses, except in this desultory way, until they had been put into more positive, systematic, and teachable form. It seems to have been for lack of this essential development that many virile teachers have made the laudable tho vain attempt to teach the fundamental to beginners by a method misnamed inductive. This has involved a false analogy with the natural sciences, in which induction is the method of advanced research, and not of elementary instruction.
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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Economic Principles, Vol. 1 (Classic Reprint)
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Paperback. Condición: New. Print on Demand. This book presents a comprehensive study of economic principles, exploring the foundational aspects of value, price, and distribution in the economic system. The author presents a unique perspective on the concept of value, arguing that it is not an inherent property of goods but rather a reflection of the choices and desires of individuals. Through clear and concise explanations, the book develops a rigorous framework for understanding how value is created, measured, and exchanged in the marketplace. The author also delves into the complexities of production, competition, and market dynamics, providing valuable insights into how these factors interact to shape economic outcomes. This book is an essential resource for students, economists, and anyone interested in gaining a deeper understanding of the fundamental principles that govern economic behavior. 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. Nº de ref. del artículo: 9781330004401_0
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Economic Principles, Vol 1 Classic Reprint
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