large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb_71
large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb
English
11381
The most prominent of the new school is Wilhelm Roscher,(82) of Leipsic, who wrote a systematic treatise, "System der Volkswirthschaft" (1854, sixteenth edition, 1883), in the first division of which the notes contain a marvelous collection of facts and authorities. THE MOST PROMINENT OF THE NEW SCHOOL IS WILHELM GROSCHER OF LEIPZIC WHO WROTE A SYSTEMATIC TREATISE SYSTEM DER VOLKSVIZCRAFT EIGHTEEN FIFTY FOUR SIXTEENTH EDITION EIGHTEEN EIGHTY THREE IN THE FIRST DIVISION OF WHICH THE NOTES CONTAIN A MARVELLOUS COLLECTION OF FACTS AND AUTHORITIES
at induction does not preclude deduction, and as the old school never intended to disconnect themselves from “comparing conclusions with external facts,” there is not such a cause of difference as has previously appeared. Doubtless the insistence upon the merits of induction will be fruitful of good to “orthodox” writers, in the more general resort to the collection of statistics and means of verification. It is suggestive also that the leaders of the new school in Germany and England have reached no different results by their new method, and in the main agree with the laws evolved by the old English school. The economist does not pretend that his assumptions are descriptions of economic conditions existing at a given time; he simply considers them as forces (often acting many on one point or occasion) to be inquired into separately, inasmuch as concrete phenomena are the resultants of several forces, not to be known until we know the separate operation of each of the conjoined forces.  THAT THE NEW SCHOOL CLAIM THAT INDUCTION DOES NOT PRECLUDE DEDUCTION AND AS THE OLD SCHOOL NEVER INTENDED TO DISCONNECT THEMSELVES FROM COMPARING CONCLUSIONS WITH EXTERNAL FACTS THERE IS NOT SUCH A DIFFERENCE AS HAS PREVIOUSLY APPEARED DOUBTLESS THE INSISTENCE UPON THE MERITS OF INDUCTION WILL BE FRUITFUL OF GOOD TO ORTHODOX WRITERS AND THE MORE GENERAL RESORT TO THE COLLECTION OF STATISTICS AND MEANS OF VERIFICATION IT IS SUGGESTIVE ALSO THAT THE LEADERS OF THE NEW SCHOOL IN GERMANY AND ENGLAND HAVE REACHED NO DIFFERENT RESULTS BY THEIR NEW METHOD AND IN THE MAIN AGREE WITH THE LAWS EVOLVED BY OLD ENGLISH SCHOOL THE ECONOMIST DOES NOT PRETEND THAT HIS ASSUMPTIONS ARE DESCRIPTIONS OF ECONOMIC CONDITIONS EXISTING AT A GIVEN TIME HE SIMPLY CONSIDERS THEM AS FORCES OFTEN ACTING MANY ON ONE POINT OR OCCASION TO BE INQUIRED INTO SEPARATELY INASMUCH AS CONCRETE PHENOMENA ARE THE RESULTANCE OF SEVERAL FORCES NOT TO BE KNOWN UNTIL WE KNOW THE SEPARATE OPERATION OF EACH OF THE CONJOINED FORCES
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