AN ESSAY ON THE NATURE AND SIGNIFICANCE OF ECONOMIC SCIENCE
Dublin Core
Title
AN ESSAY ON THE NATURE AND SIGNIFICANCE OF ECONOMIC SCIENCE
Subject
Economic
Economic Behavior
Economic Behavior
Description
THE purpose of this Essay is twofold. In the first
place, it seeks to arrive at precise notions concerning
the subject-matter of Economic Science and the
nature of the generalisations of which Economic
Science consists. Secondly it attempts to explain the
limitations and the significance of these generalisa-
tions, both as a guide to the interpretation of reality
and as a basis for political practice. At the present
day, as a result of the theoretical developments of the
last sixty years, there is no longer any ground for
serious differences of opinion on these matters, once
the issues are clearly stated. Yet, for lack of such
statement, confusion still persists in many quarters,
and false ideas are prevalent with regard to the pre-
occupations of the economist and the nature and the
extent of his competence. As a result, the reputation
of Economics suffers, and full advantage is not taken
of the knowledge it confers. This Essay is an attempt
to remedy this deficiency—to make clear what it is
that economists discuss and what may legitimately
be expected as a result of their discussions.
place, it seeks to arrive at precise notions concerning
the subject-matter of Economic Science and the
nature of the generalisations of which Economic
Science consists. Secondly it attempts to explain the
limitations and the significance of these generalisa-
tions, both as a guide to the interpretation of reality
and as a basis for political practice. At the present
day, as a result of the theoretical developments of the
last sixty years, there is no longer any ground for
serious differences of opinion on these matters, once
the issues are clearly stated. Yet, for lack of such
statement, confusion still persists in many quarters,
and false ideas are prevalent with regard to the pre-
occupations of the economist and the nature and the
extent of his competence. As a result, the reputation
of Economics suffers, and full advantage is not taken
of the knowledge it confers. This Essay is an attempt
to remedy this deficiency—to make clear what it is
that economists discuss and what may legitimately
be expected as a result of their discussions.
Creator
Lionel Robbins
Publisher
MACMILAN & CO
Date
1932
Contributor
Novita
Format
PDF
Language
English
Type
Textbooks
Files
Collection
Citation
Lionel Robbins, “AN ESSAY ON THE NATURE AND SIGNIFICANCE OF ECONOMIC SCIENCE,” Portal Ebook UNTAG SURABAYA, accessed May 18, 2024, https://ebook.untag-sby.ac.id/items/show/1005.