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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: 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: Geoffrey Schneider Publisher: Taylor & Francis ISBN: 1317266498 Category : Business & Economics Languages : en Pages : 993
Book Description
Economic Principles and Problems: A Pluralistic Introduction offers a comprehensive introduction to the major perspectives in modern economics, including mainstream and heterodox approaches. Through providing multiple views of markets and how they work, it leaves readers better able to understand and analyze the complex behaviors of consumers, firms, and government officials, as well as the likely impact of a variety of economic events and policies. Most principles of economics textbooks cover only mainstream economics, ignoring rich heterodox ideas. They also lack material on the great economists, including the important ideas of Adam Smith, Karl Marx, Thorstein Veblen, John Maynard Keynes, and Friedrich Hayek. Mainstream books tend to neglect the kind of historical analysis that is crucial to understanding trends that help us predict the future. Moreover, they focus primarily on abstract models more than existing economic realities. This engaging book addresses these inadequacies. Including explicit coverage of mainstream economics and the major heterodox schools of economic thought—institutionalists, feminists, radical political economists, post-Keynesians, Austrians, and social economists—it allows the reader to choose which ideas they find most compelling in explaining modern economic realities. Written in an engaging style and focused on real-world examples, this textbook brings economics to life. Multiple examples of how each economic model works, coupled with critical analysis of the assumptions behind them, enable students to develop a sophisticated understanding of the material. Digital supplements are also available for students and instructors. Economic Principles and Problems offers the most contemporary and complete package for any pluralist economics class.
Author: Frank Albert Fetter Publisher: Ludwig von Mises Institute ISBN: 1610162692 Category : Business & Economics Languages : en Pages : 533
Book Description
At a time when many economists were warming to the notion of central planning, Fetter worked to present general economic forces at work in all times and all places. It was the great American economic treatise, and it still holds up after all these years. The date of publication is 1915. It is a massive book at 530 pages.
Recall that Fetter is the thinker who upheld the time-preference theory of interest, someone whose writing Rothbard had interest in. He certainly stands with the Austrians in the broadest sense.
Author: Frank A. Fetter
Author: Frank A. Fetter
Author: Libby Rittenberg
Author: Frank A. Fetter
Author: Alfred Marshall
Author: Geoffrey Schneider
Author: Frank Albert Fetter
Author: N. Gregory Mankiw
Author: Alfred Marshall
Author: Frank Albert Fetter
Author: Richard G. Lipsey