The Theory of Economics does not furnisli a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique of thinking, which helps its possessor to draw correct conclusions. It is not difficult in the sense in which mathematical and scientific techniques are difficult; but the fact that its modes of expression are much less precise than these, renders decidedly difficult the task of conveying tcorrectly to the minds of learners. Before A dam Smith this apparatus of thought scarcely existed. Between his time and this it has been steadily enlarged and improved. Nor is there any branch of knowledge in the formation of which Englishmen can claim a more predominant part. It is not complete yet, but important improvements in its elements are becoming rare. The main task of the professional economist now consists, either in obtaining a wide knowledge of relevant facts and exercising skill in the application of economic principles to them, or in expounding the elements of his method in a lucid, accurate and illuminating way, so that, through his instruction, the number of those who can think for themselves may be increased. This Series is directed towards the latter aim.
(Typographical errors above are due to OCR software and don't occur in the book.)
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Paperback. Etat : New. Print on Demand. This book provides an introduction to the theory of economics, offering a method, apparatus, and technique of thinking for understanding and drawing correct conclusions about economic problems. Unlike mathematical and scientific techniques, economics offers a less precise mode of expression, making it difficult to convey correctly to learners. This book aims to expound the principles of economics in a lucid, accessible, and illuminating way so that even those previously unfamiliar with the subject can increase their understanding of economic method. The book is particularly valuable in discarding the marks of an earlier stage in the development of economics before thought took wing, and instead presents the most significant elements of economic method, explaining the forces behind supply and demand, examining concepts such as diminishing utility and marginal cost, and showing that economic laws, while general, are not always absolute and can be subject to exceptions. By understanding the general principles of economics, the author argues that we can increase the number of individuals who can think for themselves and navigate economic policies. 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. N° de réf. du vendeur 9781330495780_0
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Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330495780
Quantité disponible : 15 disponible(s)
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330495780
Quantité disponible : 15 disponible(s)