![]() the youngest science and soft would think it is still in its infancy. ![]() ![]() We shall not therefore dispense with the definition and the discussion connected therewith.Įconomics is considered to be. It is very essential for the reader to have some definition in mind as a working basis.īesides, P discussion leading to a definition is very useful in giving clarity to the fundamental content of the subject. There are economists, the confusion, therefore, like Richa, Jones, and Comte who would do away with definition altogether, being pedantic and useless.īut the work of defining the subject m not be regarded as mere pedantry. Keynes is n far wrong when he remarks that “Political Economy is said to ha strangled itself with definitions.”Įvery economist n the economic world by coining a new definition moralized his deb, worse confounded.
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