The Character and Logical Method of Political Economy
W. McGee, 1869 - 184 頁
The work on the “Character and Logical Method of Political Economy” may be recommended to students as a safe guide to help them through the mazy labyrinths which the earlier stages of the study present. The purpose of the work is to ascertain the true relation of Political Economy to the Physical Sciences on the one hand, and to the Moral Sciences on the other, both as regards method and compass. The supporters and opponents of Political Economy have each done it injustice by misapprehending its aims and limits. The study, as Professor Cairnes points out and explains with inimitable clearness, does not consist in an investigation into the causes of physical facts or the evolution of psychological processes. Political Economy begins at the point at which physical science and psychological science each end.
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much of the instability and vicissitude which have marked the progress of
economic inquiry ; but I do not think they are sufficient to explain the present
vacillating and unsatisfactory condition of the science in respect to fundamental
Instead of addressing himself to the problem , according to what law certain facts
result from certain principles , he proceeds to explain how the existence of the
facts in question is consistent with social wellbeing and natural equity ; and ...
... Economy to explain , depend equally on physical as on mental laws , that
Political Economy stands in precisely the same relation to physical as to mental
nature , and that , if it is to be ranked in either of these departments of speculation
, it is ...
It is for the political economist to prove , first , that the premises are true in fact ;
and , secondly , that they account for the phenomenon ; but when this is done ,
his business is ended . He does not | attempt to explain the physical laws on
These facts , whether mental or physical , he will consider , as I have already
stated , not with a view to explain them , but as the data of his reasoning , as
leading causes affecting the production and distribution of wealth . Bat it must not