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Download e-book for iPad: Capitalism the Creator: The economic foundations of modern by Carl Snyder

Posted On April 5, 2018 at 9:22 pm by / Comments Off on Download e-book for iPad: Capitalism the Creator: The economic foundations of modern by Carl Snyder

By Carl Snyder

ISBN-10: 0405004397

ISBN-13: 9780405004391

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EARL J. HAMILTON: American Treasure and the Price Revolution in Spain, 1501-1650; 1934 CHAPTER II ON THE RISE OF ECONOMICS AS A SCIENCE i. 1 A confusion of councils not peculiar to economics; perhaps characteristic of the early stages of all sciences. In the century that saw the beginnings of serious economic inquiry, there was a similar divergence of opinion in physics and chemistry. One most intriguing problem was the nature of heat, whether it was "a substance, belonging to what were then termed the imponderables.

We begin by seeking some one striking and always present feature—a cause—and then try to discover precisely how it works—its effect. When we examine this problem of socalled business 'cycles,' what seems the most conspicuous characteristic, the one feature common to every cycle? At least one suggestive fact leaps out from the very form of the familiar phrase, the invariable linkage: booms and depressions. Are the two always associated? Is there never a depression without a boom? Apparently not.

Particularly little in economic thought. There the mode of thinking has been largely of the syllogistic or deductive type. Certain rather obvious facts are marshaled in support of some sort of principle from which supposedly necessary consequences must flow. 4 2. The mechanical process: cause and effect Although the mechanism that controls the working of natural and social forces is invariably simple, the discovery of the mechanism is often difficult, requiring arduous research. The essence of a mechanism is the existence of an invariable cause from which follows an invariable effect.

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Capitalism the Creator: The economic foundations of modern industrial society by Carl Snyder


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