Scope and Method of Economics


    THE object of the presidential address by Mr. R. F. Harrod to Section F (Economics) on method is threefold: (1) An attempt is made to show the kind of knowledge on which the practical recommendations, which economists have been in the habit of giving with a considerable degree of assurance, are grounded. (2) An attempt is made to define precisely the empirical basis of the general laws which constitute traditional economic theory. (3) Attention is given to the new ground over which contemporary theory, more tentative and more empirical, is striving to advance.

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    Scope and Method of Economics. Nature 142, 343–344 (1938).

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