IN HISTORICAL AND POLITICAL SCIENCE HERBERT B. ADAMS, Editor History is past Politics and Politics present History - Freeman SECOND SERIES III THE PAST AND THE PRESENT OF POLITICAL ECONOMY BY RICHARD T. ELY, Ph. D. BALTIMORE N. MURRAY, PUBLICATIO. AGENT, JOHNS HOPKINS UNIVERSITY “Ο ἄνθρωπος φύσει πολιτικὸν ζῷον.”—Aristotle. "All things whatsoever ye would that men should do to you, New Testament. do ye even so to them." "Die wirthschaftlichen Zustände und Entwickelungen der Völker dürfen nur als ein mit dem gesammten Lebensorganismus eng verbundenes Glied angesehen werden.”—Knies. "Ausgangspunkt, wie Zielpunkt unserer Wissenschaft ist der Mensch."-Roscher. "Durch die Sitte baut der Mensch in die Natur eine zweite Welt, 'die Welt der Cultur' hinein. Und zu dieser Welt der Cultur gehört auch die Volkswirthschaft."-Schmoller. "L'économie politique ne peut rien démontrer sans le secours de la statistique et de l'histoire; car ce n'est qu'en consultant ces deux sciences qu'elle peut apprendre ce qu'elle cherche, c'est-à-dire quelles sont les lois qui ont été utiles ou funestes aux nations."Laveleye. "When at length a true system of Economics comes to be established, it will be seen that that able but wrong-headed man, David Ricardo, shunted the car of economic science on to a wrong line, a line, however, on which it was further urged towards confusion by his equally able and wrong-headed admirer, John Stuart Mill. . . . It will be a work of labor to pick up the fragments of a shattered science and to start anew, but it is a work from which they must not shrink who wish to see any advance of economic science. ... Our science has become far too much a stagnant one, in which opinions rather than experience and reason are appealed to.-Stanley Jevons. |