Joseph A. Schumpeter (1947): History of Economic Analysis...

Joseph A. Schumpeter (1947): History of Economic Analysis: "Analytic effort is of necessity preceded by a pre-analytic cognitive act that supplies the raw material for the analytic effort. In this book, this pre-analytic cognitive act will be called Vision... Factual work and ���theoretical��� work... will eventually produce scientific models.. to which increasingly more rigorous standards of consistency and adequacy will be applied. This is indeed a primitive but not, I think, misleading statement of the process by which we grind out what we call scientific propositions...





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Published on March 16, 2019 09:35
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J. Bradford DeLong's Blog

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