Word: economist
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Dates: during 1880-1889
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...informed of the real relation of this study to after life. Professor Taussig shows that it "is concerned little, if at all, with the individual and with the causes of his success or failure" in business. For "the business man is mainly concerned with the immediate future; the economist with the permanent trend of affairs." But "the greatest advantage of economic study is precisely in the training which it gives in taking this wider point of view. Political economy will not help its students to prosper; but it will give them a better understanding of the forces which affect...
...first text-book in Pol. Economy 2 is a reprint of the article in the "Britannica Encyclopedia," by the celebrated economist J. K. Ingram...
...Page closes by saying that what Yale needs most, is a new sort of President. "He must be a man of commanding executive ability, proficient in pedagogy, a sound economist, unhampered by the details of professional drudgery...
...ethical school considers political economy an ethical and moral science. The ground we should take is one between these two. Sympathy, years of agitation, legislature have been the factors in lightening the load of evils with which the workingman is overburdened. The spirit of the "laisser faire" economist is that it is useless to work for a better condition, as the present is the "natural order of things." After science has pointed out certain results, sympathy comes in and teaches how to use these results. The sphere of sympathy is as wide as humanity. The new political economy shows that...
...Study" is the second chapter. The qualities of mind necessary for a successful pursuance of the science are considered at some length. An appreciation of facts such as a practical business man possesses and a power to ascertain the governing laws, are the two qualities most needed in an economist. So widely different are these two qualifications that few men possess them, and for that reason we have few men who are really great in this science. Adam Smith, a man by training and profession devoted to the study of abstract and metaphysical subjects, has given us thoroughly practical results...