Excerpt from Profit and Wages: A Study in the Distribution of Income
This is the method of mental experiment with different lines of approach to the problem, the exploitation of different facts and ideas as tentative premises. The forces of our indus trial system are so involved that no conception Of its operation could be reached by any attempt to describe its details. In fact the more photo graphic and concrete the picture presented to the mind, the more confusing and difficult the problem becomes. The only feasible pro cedure, therefore, is to seek for essential facts and to reason from these, while deliberately excluding from View a mass Of complicating phenomena. Intellectually portable and man ageable results are won by selection only. Com plications must be eliminated, or, in other words, hypothetical assumptions must be made. Economic theory differs from other sciences only in the degree of its hypothetical character.
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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.
"Sinopsis" puede pertenecer a otra edición de este libro.
Excerpt from Profit and Wages: A Study in the Distribution of Income
This is the method of mental experiment with different lines of approach to the problem, the exploitation of different facts and ideas as tentative premises. The forces of our indus trial system are so involved that no conception of its operation could be reached by any attempt to describe its details. In fact the more photo graphic and concrete the picture presented to the mind, the more confusing and difficult the problem becomes. The only feasible pro cedure, therefore, is to seek for essential facts and to reason from these, while deliberately excluding from view a mass of complicating phenomena. Intellectually portable and man ageable results are won by selection only. Com plications must be eliminated, or, in other words, hypothetical assumptions must be made. Economic theory differs from other sciences only in the degree of its hypothetical character.
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.
Excerpt from Profit and Wages: A Study in the Distribution of Income
Though its abstract and intricate character has made it an esoteric discipline, the theory of distribution demands the consideration of every serious student of affairs. No fundamental conception of our most important economic problems is attainable except in relation to the factors governing the distribution of income. Unless resigned to superficial views, we cannot, therefore, maintain a passive attitude toward the unsettled state of economic doctrine. In the face of continued failure, neither discouragement nor scepticism should halt the struggle for a definite and accepted theory of distribution. May the publication of this book contribute something to the will to master the difficulties of the problem.
The author is under obligation for permission to use parts of an article published in the Quarterly Journal of Economics for February, 1912. He is also under great obligation to his wife for criticism and assistance in revision and proof-reading, and to his friend, Mr. Edward Porritt for helpful counsel.
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.
"Sobre este título" puede pertenecer a otra edición de este libro.
Librería: Forgotten Books, London, Reino Unido
Paperback. Condición: New. Print on Demand. This book delves into the theories behind the distribution of wealth, a subject that has been pondered by economists since the inception of organized society. The author, a classical economist, begins by illustrating the fundamental theories regarding how the distribution of wealth occurs before moving on to explain how interest rates are determined. The text grapples with questions such as why Capitalism has historically been defined by three distinct economic classes, and the factors that influence them. The author ultimately concludes that time preference does not directly determine the rate of interest but is an essential element in understanding the psychology of business and the subjective valuations that underpin economic activity. It is a fascinating read for anyone interested in economics, finance, or the historical development of economic thought. 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: 9781330030547_0
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Librería: PBShop.store US, Wood Dale, IL, Estados Unidos de America
PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330030547
Cantidad disponible: 15 disponibles
Librería: PBShop.store UK, Fairford, GLOS, Reino Unido
PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330030547
Cantidad disponible: 15 disponibles
Librería: Buchpark, Trebbin, Alemania
Condición: Sehr gut. Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. Nº de ref. del artículo: 25716741/2
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