Prolegomena to Relativity Economics: An Elementary Study in the Mechanics and Organics of an Expanding Economic Universe

Prolegomena to Relativity Economics: An Elementary Study in the Mechanics and Organics of an Expanding Economic Universe

Prolegomena to Relativity Economics: An Elementary Study in the Mechanics and Organics of an Expanding Economic Universe

Prolegomena to Relativity Economics: An Elementary Study in the Mechanics and Organics of an Expanding Economic Universe

Excerpt

The form of the following essay is in large part to be explained by the fact that almost all of it has now been in existence for nearly two years as one section of a much larger work the scope and arrangement of which have been several times revised, and the remaining sections of which are still not ready for publication. In its latest design, this larger work contained two other main sections, to which the present essay, under the title On Moving General Economic Equilibrium, was to have been introductory. The first of these other sections takes up the complementary concept of Maximum Net Social Satisfaction through Time; and, by way of an immanent criticism of certain prominent concepts of current normative economics, seeks to display some important implications for economics of the elementary philosophical truism that purely positive quantitative concepts cannot of themselves be made to yield a rational social norm -- though such a norm of course may (or rather must) have elaborate quantitative aspects. The last of these unpublished sections seeks to apply the methodological results thus reached to certain important recent developments in the search for a normative "dynamics" of monetary or credit control.

The justification (if any be needed) for embarking on so comprehensive an investigation rests partly on the belief that the whole field is capable of unification by means of a single methodological concept; partly on the very strong conviction that, in these days of alarmingly complicated "specialisation", a broad methodological study of the kind described might, despite (or because of) its generality, render worthwhile service in a number of special fields -- particularly in . . .

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