tailieunhanh - History of Economic Analysis part 48

History of Economic Analysis part 48. 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 432 claim to being called socialist and it is amusing to note that with the ignorance of actual conditions that characterizes so many of those prophets he actually reserved for interest and profits a larger relative share than goes to them on the long-run average in capitalist reality. 12 The . branch of it has been described in . and Origins of American Sociology The Social Science Movement in the United States 1943 . ciationism of Lassalle his scheme of productive associations that were to be subsidized by the state and by virtue of this advantage to compete private industry out of But there is something else to Marx and to many of us associationism may be nonsense but it was not nonsense to the Benthamite mind. In fact a glance at the utilitarian views on the human mind and on the nature of social relations suffices to show that once these assumptions concerning the quality and substantive equality of individuals are granted associationist hopes cease to be absurd. And this accounts for the cautious associationism of b Anarchism. If we extend the principle of associationism to the political sphere and visualize the dissolution not only of industrial concerns into workmen s co-operatives but also of national states into voluntary communes we have Anarchism of which by far the most articulate but not the most orthodox or most consistent exponent was Here we are interested neither in his political anarchism nor in his philosophy which he himself described as Hegelian though I find it more easy to link it up with Fichte s. And we are interested in his economics only because it affords an excellent example of a type of reasoning that is distressingly frequent in a science without prestige the type of reasoning that arrives through complete inability to analyze that is to handle the tools of economic theory at results that are no doubt absurd and fully recognized as such by the .