The Conceptual Framework

Paul Davidson

Chapter 2 in International Money and the Real World, 1992, pp 26-28 from Palgrave Macmillan

Abstract: Abstract Clear thinking which must precede good policy decisions requires the use of a precise language regarding the economic system in which we live. Thus, the foundation of any scientific study of real world phenomena (which is always vaguely expressed in the vernacular) involves a method of discovery via the use of an unambiguous set of classifications and definitions of the fundamental economic concepts. Often what appear to be disagreements among economists really involve semantic confusions resulting from opponents in the debate using the same words to convey different and often ambiguous meanings.2

Date: 1992
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DOI: 10.1057/9780230378094_2

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