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9781330160862: Write Your Own Political Economy: Exercises for Colleges, High Schools, and Independent Students (Classic Reprint)

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Excerpt from Write Your Own Political Economy: Exercises for Colleges, High Schools, and Independent Students

Many evil consequences flow from the lack of recog nition of the difference in the reasoning necessary in public and in private business: for example, nothing is more common than the claim that economists are theorists, and that their conclusions do not corres pond With the facts. This claim may be refuted in various ways. In the first place, it is extremely ab surd to suppose that if a man devotes his Whole life to investigation along economic lines, the necessary consequence is that he knows less than a man who has paid no especial attention to economic thought. In the second place, the objection is founded upon a total misapprehension as to What the consequences inferred by economists are. The person Who makes the objection is not yet ready to understand an economic conclusion, and therefore puts into the mouths of economists what does not belong there. And, in the third place, the claim that economists do not pay attention to the facts can be met by a com plete tu quoque - it is the haphazard thinker that does not pay attention to the facts.

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W. Taylor
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ISBN 10: 133016086X ISBN 13: 9781330160862
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Paperback. Condizione: New. Print on Demand. This book explores the field of political economy, a branch of economics that studies the relationship between government and the economy. It examines how government policies and actions can affect various economic factors, such as production, distribution, and consumption of goods and services. The author takes a historical perspective, tracing the development of political economy from its early origins to the present day. The book also delves into the ethical implications of economic policies, considering the impact on social welfare and equity. Through a comprehensive analysis of theoretical and practical aspects, this book provides a thorough understanding of the complex relationship between politics and economics, highlighting the profound implications for society. 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. Codice articolo 9781330160862_0

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