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William Petty and the Conceptual Framework for the Analysis of Economic Development

Alessandro Roncaglia

Chapter 9 in The Balance between Industry and Agriculture in Economic Development, 1988, pp 157-174 from Palgrave Macmillan

Abstract: Abstract Economic analysis establishes relations connecting theoretical variables, corresponding to abstract concepts. These concepts constitute a simplified representation of the complex web of economic events and thus provide a systematic framework for economic analysis. However, after continued use economists tend to take these concepts for granted, as if they were not creations of the mind, but entities with an independent existence.

Keywords: Conceptual Framework; Economic System; Historical Perspective; Seventeenth Century; Commodity Production (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-10271-6_9

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DOI: 10.1007/978-1-349-10271-6_9

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