???1. Theory and Fact. The controversy between the "Theorist" and the "Practical Man" is common to all branches of human affairs, but it is more than usually prevalent, and perhaps more than usually acrid in the economic sphere. It is always a rather foolish controversy, and I have no intention of entering into it, but its prevalence makes it desirable to emphasize a platitude. Economic theory must be based upon actual fact: indeed, it must be essentially an attempt, like all theory, to describe the actual facts in proper ...
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???1. Theory and Fact. The controversy between the "Theorist" and the "Practical Man" is common to all branches of human affairs, but it is more than usually prevalent, and perhaps more than usually acrid in the economic sphere. It is always a rather foolish controversy, and I have no intention of entering into it, but its prevalence makes it desirable to emphasize a platitude. Economic theory must be based upon actual fact: indeed, it must be essentially an attempt, like all theory, to describe the actual facts in proper sequence, and in true perspective; and if it does not do this it is an imposture. Moreover, the facts which economic theory seeks to describe are primarily economic facts, facts, that is to say, which emerge in, and are concerned with, the ordinary business world; and it is, therefore, mainly upon such facts that the theory must be based. People sometimes speak as though they supposed the economist to start from a few psychological assumptions (e. g. that a man is actuated mainly by his own self-interest) and to build up his theories upon such foundations by a process of pure reasoning. When, therefore, some advance in the study of psychology throws into apparent disrepute such ancient maxims about human nature, these people are disposed to conclude that the old economic theory is exploded, since its psychological premises have been shown to be untrue. Such an attitude involves a complete misunderstanding not merely of economics, but of the processes of human thought. It is quite true that the various branches of knowledge are interrelated very intimately, and that an advance in one will often suggest a development in another. By all means let the economist and psychologist avoid a pedantic specialism and let each stray into the other's province whenever he thinks fit. But the fact remains that they are primarily concerned with different things: and that each is most to be trusted when he is upon his own ground. When, therefore, the economist indulges in a generalization about psychology, even when he gives it as a reason for an economic proposition, in nine cases out of ten the economics will not depend upon the psychology; the psychology will rather be an inference (and very possibly a crude and hasty one) from the economic facts of which he is tolerably sure.
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Seller's Description:
This is an ex-library book and may have the usual library/used-book markings inside. This book has hardback covers. With usual stamps and markings, In fair condition, suitable as a study copy. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 400grams, ISBN:
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Seller's Description:
This is an ex-library book and may have the usual library/used-book markings inside. This book has hardback covers. Book contains pencil markings. With owner's name inside cover. In fair condition, suitable as a study copy. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 400grams, ISBN:
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Seller's Description:
This is an ex-library book and may have the usual library/used-book markings inside. This book has hardback covers. Book contains pen & pencil markings. In fair condition, suitable as a study copy. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 400grams, ISBN:
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Seller's Description:
Acceptable. Acceptable condition. No Dust Jacket (supply, demand, business) A readable, intact copy that may have noticeable tears and wear to the spine. All pages of text are present, but they may include extensive notes and highlighting or be heavily stained. Includes reading copy only books.
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Good. Ex-library copy with usual markings. Cover and edges shows shelf wear. Few pages shows markings. Very Clean Copy-Over 500, 000 Internet Orders Filled.
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Very Good. 1958. 1st thus. Paperback. "142 p. 19 cm. Original cloth. Very good, clean copy, cloth sunned, spine just slightly slanted. Ex-libris with plate and stamps." Keywords: "Supply and demand., Consumption (Economics), Prices., Consumo (Econom? a pol? tica), Precios". Not a first edition copy.....We ship daily from our warehouse.
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Seller's Description:
Good. Pitman Pub Corpc194 "Commissioning organisation: by Hubert D. Henderson. xiv, 177 p. diagrs. 20 cm. Dust wrapper. A good copy." Keywords: "Supply and demand., Consumption (Economics), Prices.". Not a first edition copy.....We ship daily from our warehouse.
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Very Good. 1930. Hardcover. "Commissioning organisation: with an introduction by J.M. Keynes. 177 p. 20 cm. Original cloth. Spine sunned, slight water damage at rear, otherwise a very good copy." Keywords: "Economia Politica (Teoria E Filosofia), Consumo (Econom? a pol? tica), Precios". Not a first edition copy.....We ship daily from our warehouse.
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Seller's Description:
Good. 1930. Hardcover. "Commissioning organisation: with an introduction by J.M. Keynes. 177 p. 20 cm. Original cloth. Clean copy, spine sunned, rubbed at edges, binding slightly weak." Keywords: "Economia Politica (Teoria E Filosofia), Consumo (Econom? a pol? tica), Precios". Not a first edition copy.....We ship daily from our warehouse.
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Seller's Description:
Very Good. Size: 0x0x0; No dust jacket. Blue cloth cover is worn at spine and shows light shelf soiling. Previous owner's name is on first paste-down, otherwise 177 perfect pages to read.
