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Jun 25, 2010

MET: Nature of Economics Definition

/ On : 5:35 PM/ Thank you for visiting my small blog here. If you wanted to discuss or have the question around this article, please contact me e-mail at mfarhanonline admin@apnieyesp.com.
 Dr. J.N Keynes was not far wrong when he said that
"political economics is said to have strangled itself with definition."
there are therefore, economists like Richard Jones and Comte who would do away with the definition altogether. Pareto thinks it  
"a waste of time to investigate what it (Economics phenomenon) may be."
According to Mydral
"Economics is the only term regarding the precise definition of which the economists need not be concerned."

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