TAILIEUCHUNG - History of Economic Analysis part 41

History of Economic Analysis part 41. At the time of his death in 1950, Joseph Schumpeter-one of the major figures in economics during the first half of the 20th century-was working on his monumental History of Economic Analysis. A complete history of humankind's theoretical efforts to understand economic phenomena from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. | History of economic analysis 362 3. PLAN OF THE PART We are going to change our method of presentation. In Part II we had not only to cover a vast span of years but also to contend with the difficulty that there was no generally accepted system to describe. Strictly speaking no such system existed in the period covered by Part III. But there was something that was almost though not quite as good. That is to say the great majority of the people who as we have put it recognized one another as economists agreed sufficiently about the fundamentals of subject matter method and results to make it possible to systematize their contributions although they disagreed individually or groupwise on practically every individual problem within that frame of fundamentals. There was even more of common ground and as between successive decades of continuity than the individual writers would have been prepared to admit. For then as now most economists were apt to stress differences more than agreements though there were important exceptions to this the most important being . It is true that there were many dissentients toto coelo men who condemned the growing quasi-system of classical economics root and branch. But most of these do not meet our test of analytic competence. And others objected on nonanalytic that is mainly on political moral or cultural grounds so that their objections are not necessarily1 relevant for us even where we sympathize with them. Availing ourselves of these facts we shall be able to do in this Part what we were not able to do in Part II namely after having recalled the salient features of the political and intellectual scenery Chapters 2 and 3 to draw a picture of analytic developments with reference to a cross section. This cross section will be represented in Chapter 5 by s Principles. But in order to simplify matters we shall relieve Chapter 5 of some of its burden by introducing ourselves to the most important individuals and groups .

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