In the British Museum library, therefore, he plunged into the study of the classical economists of the island realm, showing inexhaustible patience in tracing the earliest and most trifling ramifications of economic science.
For the first time we now recognize a sociological fact among the premises of economic science.
Where men get incomes that are composed of wages, interest, and profits, economic science should, in the first instance, tell us how the rates of wages and interest and the amount of profits are determined.
Economic science has to account for values, wages, and interest as they would be in such a condition, however impossible it is that society should ever reach exactly such a state.
Economic science has to ascertain and state what these three laws are, though in its static division it has only to account for two of them.
Mill, and is considered the best treatise on economic science in the French language.
Doctrines accepted then have become crystallized, and still form part of the current stock in trade of economic science, even though rejected by philosophy itself.
This is set forth as a limitation on the doctrine, stated in the paragraph which precedes it, that "man is to be conceived as the subject and centre of economic science, etc.
The first is drawn from a consideration of the function of the value concept in economic science,[36] and of its relation to the concept of wealth.
In economic science, as Cairnes has ably shown, the use of hypothesis is much wider, serving in large measure as a substitute for experiment.
Written with a perspicuity seldom exemplified when dealing with economic science.
To connect with these general propositions the different problems which are said to belong to economic science, is the task of the writer of a special treatise on economics.
I have on several occasions heard something like a feeling of distaste expressed for the endless discussions about value and the economic principle which absorb the energies of economic science.
And I might point out the reason why scientific and aesthetic productions cannot be subjects of economic science, i.
In all this, economic science is living over again in its turn the experiences which the natural sciences passed through some time back.
What may be done in economic science of the taxonomic kind is shown at its best in Cairnes's work, where the method is well conceived and the results effectively formulated and applied.
This question is of interest because its answer may throw light on the question as to what chance there is for the indefinite persistence of this archaic habit of thought in the methods of economic science.
Is economic Science bound to solve this further problem: Given the tendency of mankind to multiply, what will take place when there is no longer room in the world for new inhabitants?
Instead of forming any true addition to the data of economic science, they are like images belonging to the dream of a maudlin school-girl.
Now, whatever may be the value of such teaching as a contribution to economic science, it illustrates by its success one cardinal truth, and by implication it bears witness to another.
In most civilized countries except England this is recognized, and adequate provision is made for the study of economic science.
It would certainly be impossible if we had to begin de novo to construct the whole fabric of economic science.
The "separation of employments" is not only a condition of economic efficiency; it was necessary before we could have an economic science.
Economic science is, then, necessarily and at once a theory of ideas, a natural theology, and a psychology.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "economic science" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
