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The concept has sufficient stability and precision to serve their needs; and, if the economist is to deal with the phenomena of modern life in which this concept serves a use of first-rate importance, he must take the term and the concept as he finds them. It is idle fatigue to endeavor to normalise them into a formula which may suit his prepossessions but which is not true to life. The mountain will not come to Mahomet.
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The concept has sufficient stability and precision to serve their needs; and, if the economist is to deal with the phenomena of modern life in which this concept serves a use of first-rate importance, he must take the term and the concept as he finds them. It is idle fatigue to endeavor to normalise them into a formula which may suit his prepossessions but which is not true to life. The mountain will not come to Mahomet.
Reviews