Encyclopaedia Britannica, 11th Edition, "Echinoderma" to "Edward, prince of Wales": Volume 8, Slice 10Various
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Encyclopaedia Britannica, 11th Edition, "Echinoderma" to "Edward, prince of Wales": Volume 8, Slice 10
Various
Encyclopedias and dictionaries
Any one who has taken the trouble to trace the history of one of the
modern schools of economists, or of any branch of economic science,
knows how difficult it is to say when it began. "Anticipations" of
method and doctrine can generally be found by the diligent investigator
in the economic literature of his own or a foreign country. So that
cross-sections of the stream of economic thought will reveal the
existence, at different times, in varying proportions and at different
stages of development, of most of the modern "schools." Again, the
classification of an economic bibliography at once shows how varied has
been the character of economic investigation, ranging from the most
abstract speculation on the one hand to almost technical studies of
particular trades on the other. Of the great army of writers who
flourished in the first half of the 19th century some were closely
identified with the utilitarian school, and the majority were influenced
in a greater or less degree by the prevailing ideas of that school.
Others, however, were hostile to it. In many works, such as those of a
statistical or historical character, there are frequently to be found
passages which could have been written in no other period, but are only
of the nature of ejaculations and do not affect the argument. In stating
the position of economics during this time we cannot ignore all writers,
except these who belonged to one group, however eminent that group may
have been, simply because they did not represent the dominant ideas of
the period, and exercised no immediate and direct influence on the
movement of economic thought. We must include the pioneers of the
historical school, the economic historians, the socialists, the
statisticians, and others whose contributions to economics are now
appreciated, and without whose labours the science as we know it now
would have been impossible. If we take this broadly historical view of
the progress of economics, it is obvious that even in England there was
no general agreement, during the 19th century, as to the methods most
appropriate to economic investigation.
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