Profit and Wages A Study in the Distribution of Income Classic Reprint

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New Book. Shipped from UK. Established seller since 2000. N° de ref. del artículo LW-9781330030547

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Sinopsis:

Reseña del editor: 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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