The span of life is limited; the work requires an extensive knowledge of the economic literature of several countries and the general features of all the important departments of modern economic activity.
No economic doctrine so well illustrates the achievements and the defects of modern economic analysis.
But cost of production theories, in the form of labor theories, or labor-abstinence-risk theories, have little standing in modern economic theory.
Barter remains an important factor in modern economic life, and is a flexible substitute for the use of checks and money, increasing when the money market "tightens.
It takes fuller account of the genesis and developmental continuity of all features of modern economic life, gives more and closer attention to institutions and their history.
For a further instance of Professor Schmoller's handling of a modern economic problem, reference may be had to the closing chapter of Book I.
Self-government in the clan or in the agricultural village was a simple matter compared with the management of public affairs in a modern economic society.
The result would resemble the helter-skelter of modern economic society.
These problems of job control, of wealth and income distribution, of industrial inter-relations and of the relation between the state and industry are pressing for solution in every important centre of modern economic life.
The rise of modern economic relations, which may be dated in England from the latter half of the seventeenth century, was coincident with the growth of a political theory which replaced the conception of purpose by that of mechanism.
But it is limited in special cases precisely because its general validity is regarded as beyond controversy, and, up to the eve of the present war, it was the working faith of modern economic civilization.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "modern economic" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
