ECONOMIC THEORY • FREE-TRANSLATOR.COM • Definition of Economic theory

"Economic theory" Quotes from Famous Books

... branches of human affairs, but it is more than usually prevalent, and perhaps more than usually acrid in the economic sphere. It is always a rather foolish controversy, and I have no intention of entering into it, but its prevalence makes it desirable to emphasize a platitude. Economic theory must be based upon actual fact: indeed, it must be essentially an attempt, like all theory, to describe the actual facts in proper sequence, and in true perspective; and if it does not do this it is an imposture. Moreover, the facts which economic theory seeks ...

— Supply and Demand • Hubert D. Henderson

... to develop in the student the ability to think independently about economic questions than it is to drill him into an acceptance of ready-made opinions on contemporary practical issues. The more fundamental economic theory—the more because its bearing on pecuniary and class interests is not close or obvious—is an admirable organ for the development of the student's power of reasoning. But to give the student this training it is not necessary to keep him in the dark as to what he is to learn. The Socratic method ...

— College Teaching - Studies in Methods of Teaching in the College • Paul Klapper

... to books at large in the social-political journals was small. And in that space one could prophesy with some exactness the reviewing to be expected. Books of social philosophy, novels with a thesis, poetry of radical emotion, documented history, and the criticism of politics or economic theory have had such expert reviewing as America has never before provided in such quantity. But there was a certain monotony in the conclusions reached. "Advanced" books had "advanced" reviewers who approved of the author's ...

— Definitions • Henry Seidel Canby