tailieunhanh - History of Economic Analysis part 24

History of Economic Analysis part 24. At the time of his death in 1950, Joseph Schumpeter-one of the major figures in economics during the first half of the 20th century-was working on his monumental History of Economic Analysis. A complete history of humankind's theoretical efforts to understand economic phenomena from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. | History of economic analysis 192 German seventeenth-century writings of this genus besides taking of course a different view as to policy were not on this level but there were many of the Cary type or better. We shall be content with an Austrian representative the well-known Hornigk 7 who like the much more important Becher and some others figures in every history of economics. His book is another program for a policy of fostering economic development written this time for a poor country perennially threatened by Turkish invasions and lacking both the resources and the possibilities of England. If however we take due account of this fact the family likeness of the recommendations with those of Hornigk s English contemporaries or even with those of the doctor in the Discourse of the Common Weal is striking waste lands and other unused resources are to be exploited the efficiency of labor is to be increased by better training domestic industry should be helped among other things by directing consumers demand toward its products exports of manufactures and imports of necessary raw materials should be favored exports of the latter and imports of the former restricted trade should be balanced bilaterally with every individual foreign country see last chapter of this Part and so forth sound sense all or most of it and very interesting as a monument of the intelligent bureaucrat s thought but sound sense that did not even suspect that it might be usefully reinforced by analysis. As regards the United States there is nothing to record in the way of systematic endeavor before the nineteenth century. This is as we should expect from environmental conditions that were unlikely to produce either a demand for or supply of general treatises. But discussion of current practical problems was active even in colonial times and for the eighteenth century reports pamphlets and tracts abound especially on questions of paper money coinage credit trade and fiscal And some of .