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- Title
SOME EXPLANATIONS RELATING TO THE 'THEORY OF DYNAMIC ECONOMICS'
- Authors
Patten, Simon N.
- Abstract
The article discusses some explanations related to the theory of dynamic economics. The progress of political economy has involved a shifting of the point of view of economic writers and the grouping of the doctrines of the science about new centers. Ideas, also, which at first are introduced as isolated phenomena out of any direct relation to the main body of economic theory, gradually assume a more important place, and finally become the basis of the greater part of economic reasoning. Of this change of which the author speaks, probably the doctrine of utility is the best example. It was first introduced in a casual way to illustrate the definition of value. Even in some writings, they were not vitally connected with his system of political economy, although it was made the basis of his theory of morals.
- Subjects
ECONOMICS; DYNAMICS; POLITICAL science; THEORY; ECONOMIC activity; MONETARY theory
- Publication
Quarterly Journal of Economics, 1893, Vol 7, Issue 2, p177
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1883045