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Some Reflections on "The Nature and Significance of Economics"

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  • Talcott Parsons

Abstract

I. Professor Robbins' tendency to "Radical Positivism" — The incompatibility of the means-end schema with the ideal of economics as a "positive" science in this sense, 512. — Criticism of his "atomism," 516. — II. Outline of the general chain of means-ends relationships as a schema for classification of the sciences of action, 521. — The place of the "economic" element, 522. — Critical application to Professor Souter's position, 529. — His empiricist tendency and its implications, 534. — III. Some special problems: "Formalism," 536. — Economic law and the realm of the "irrational," 538. — Precision, Dynamics, 540. — Conclusion, 543.

Suggested Citation

  • Talcott Parsons, 1934. "Some Reflections on "The Nature and Significance of Economics"," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 48(3), pages 511-545.
    • Handle: RePEc:oup:qjecon:v:48:y:1934:i:3:p:511-545.
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    Cited by:

    1. Piet Keizer, 2017. "A multidisciplinary-economic framework of analysis," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 11(1), pages 103-132, November.
    2. KEnneth Rivett, 1977. "Hollis and Nell on Methodology (Review Article)," The Economic Record, The Economic Society of Australia, vol. 53(2), pages 239-261, June.
    3. Alexander Anatolyevich Markov & Nadezhda Nikolaevna Pokrovskaya & Pavel Dmitrievich Smirnov, 0. "Development of Social institution of Mass media in Information Society and Legal Field of the Personal and Corporative Information Security," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 2.
    4. Wilfred Dolfsma, 2005. "Consumption in a vacuum," Forum for Social Economics, Springer;The Association for Social Economics, vol. 35(1), pages 59-67, March.
    5. Rimple Manchanda, 2019. "Materialism – A Conceptualization for Contemporary Research," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 10(1), pages 48-54, January.
    6. Richard Swedberg, 2015. "Schumpeter and Talcott Parsons," Journal of Evolutionary Economics, Springer, vol. 25(1), pages 215-222, January.
    7. Geoffrey Ingham, 1996. "The `New Economic Sociology'," Work, Employment & Society, British Sociological Association, vol. 10(3), pages 549-564, September.
    8. R. Koppl, 2006. "Austrian economics at the cutting edge," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 19(4), pages 231-241, December.
    9. Roger E. Backhouse & Steve G. Medema, 2009. "Defining Economics: The Long Road to Acceptance of the Robbins Definition," Economica, London School of Economics and Political Science, vol. 76(s1), pages 805-820, October.
    10. Koppl, Roger & Whitman, Douglas Glen, 2004. "Rational-choice hermeneutics," Journal of Economic Behavior & Organization, Elsevier, vol. 55(3), pages 295-317, November.
    11. Ricardo Crespo & Belén Mesurado, 2015. "Happiness Economics, Eudaimonia and Positive Psychology: From Happiness Economics to Flourishing Economics," Journal of Happiness Studies, Springer, vol. 16(4), pages 931-946, August.

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