The Impossibility of a Theoretical Science of Economic Dynamics

F. S. C. Northrop

The Quarterly Journal of Economics, 1941, vol. 56, issue 1_Part_1, 1-17

Abstract: No scientific theory of economic dynamics exists, 1. — The basic concepts and postulates of contemporary economic theory, 3. — The method of constructing and verifying traditional economic theory, 6. — Theoretical dynamics of Newtonian mechanics, 8. — Economics compared with physics, 10. — Bearing of this upon the possibility of a theoretical economic dynamics, 12. — The precise capacity of contemporary economic theory, 13. — Diagrammatical summary, 16.

Date: 1941
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