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Author: Yingrui Yang Publisher: Xlibris Corporation ISBN: 1477112251 Category : Self-Help Languages : en Pages : 215
Book Description
Currently, economics and cognitive science are heavily rooted in Newtonian physics, successfully borrowing a great deal of modeling tools from it. This is a great achievement. You do not need quantum mechanics or theories of relativity to build a house or bridge. Nevertheless, no one would deny the importance of modern theoretical physics. I believe many intellectuals have realized the need to go beyond the limitations of the Newtonian tradition for means of social science research. The big question is how to do it and how to do it right. This book aims to integrate economics and cognitive science by applying theoretical physics from a modeling perspective. During the course of this book, necessary background knowledge preparations for understanding the content topics are also briefl y provided. Thus, this book is designed to be conceptually and instrumentally self-contained. Everyone interested should be able to read it.
Author: Yingrui Yang Publisher: Xlibris Corporation ISBN: 1477112251 Category : Self-Help Languages : en Pages : 215
Book Description
Currently, economics and cognitive science are heavily rooted in Newtonian physics, successfully borrowing a great deal of modeling tools from it. This is a great achievement. You do not need quantum mechanics or theories of relativity to build a house or bridge. Nevertheless, no one would deny the importance of modern theoretical physics. I believe many intellectuals have realized the need to go beyond the limitations of the Newtonian tradition for means of social science research. The big question is how to do it and how to do it right. This book aims to integrate economics and cognitive science by applying theoretical physics from a modeling perspective. During the course of this book, necessary background knowledge preparations for understanding the content topics are also briefl y provided. Thus, this book is designed to be conceptually and instrumentally self-contained. Everyone interested should be able to read it.
Author: Frank A. Fetter Publisher: Jazzybee Verlag ISBN: 3849657957 Category : Business & Economics Languages : en Pages : 389
Book Description
Professor Fetter's 'Economic Principles' is the first half of a two-volume treatise on economics. The second half 'Modem Economic Problems' deals with the applications of principles. In general Professor Fetter's theory may be described as mechanistic and Austrian. To call it mechanistic signifies that, like the usual type of economic theory, it treats the industrial and business system as being somewhat analogous to a mechanism, in that the operations of this system are explained in terms of practically contemporaneous causes and effects without reference to the changes in its structure which take place with the passage of time. Here " mechanistic " is substituted for the less appropriate "deductive" as a description of the classical type of theory. Mechanistic explanation contrasts especially with " genetical " explanation, though it seems doubtful if a precise line can in the last analysis be drawn between the two. Fetter's book shows a pride in its own novelties, but as far as methodology is concerned it is as mechanistic as the work of Ricardo, or the theory of interest of Irving Fisher, or the theory of distribution of John Bates Clark. And this is as it should be. For economics is best described as the study of the structure and action of the industrial system, with an object in view, namely, that of making us good judges of questions of the policy of the state (or of any body of persons, such as organized labor or capital) toward the industrial system. That is, the touchstone of importance and relevancy in economics is applicability to questions of public policy. It is on the strength of this test of relevancy that Fetter's methodology is pronounced the right one. It is also merely the dominant methodology of all the leading general texts past and present.
Author: Frank A. Fetter Publisher: Forgotten Books ISBN: 9781330004401 Category : Business & Economics Languages : en Pages : 535
Book Description
Excerpt from Economic Principles, Vol. 1 The general texts in political economy from the middle of the nineteenth century have been to a remarkable degree conventionalized. The ambition of successive writers has been "to modernize Mill" rather than to modernize economics. Books continue to appear, repeating with little essential change the theoretical system of the English classical school. Their innocuous references to more recent constructive criticism have little purpose but to evidence the erudition of the authors and their spirit of Christian charity. Meantime, from 1870 on, critical studies had shown not only the historical relativity but the logical fallacy of a large part of the older treatment. A body of esoteric economic doctrine developed, discussed only by the initiated, and merely hinted at in undergraduate instruction. So far as this newer thought affected the presentation of economics in the general texts and to college classes it was only in negative and superficial ways, such as substituting the novel soporific locutions of the marginal utility school for the older catch-words of "cost of production." Indeed, it was impossible for the individual teacher of economics to incorporate the newer ideas into his elementary courses, except in this desultory way, until they had been put into more positive, systematic, and teachable form. It seems to have been for lack of this essential development that many virile teachers have made the laudable tho vain attempt to teach the fundamental to beginners by a method misnamed inductive. This has involved a false analogy with the natural sciences, in which induction is the method of advanced research, and not of elementary instruction. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Yingrui Yang
Author: Yingrui Yang
Author: Alfred Marshall
Author: Alfred Marshall
Author: Alfred MARSHALL (Professor of Political Economy at Cambridge.)
Author: Alfred Marshall
Author: Frank A. Fetter
Author: Frank A. Fetter
Author: Frank A. Fetter
Author: Alfred MARSHALL (Professor of Political Economy at Cambridge.)
Author: Tyler Cowen