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The Practical Utility of Economic Science

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  • Edwin Cannan

Abstract

In this presidential address published in 1902, Edwin Cannan affirms political economy as a vital cultural project. The central lessons to be imparted to society at large concern the principles upon which millions cooperate in creating wealth. He touches on international trade, housing, urban form, labor, distribution, justice, and national jealousy.

Suggested Citation

  • Edwin Cannan, 2007. "The Practical Utility of Economic Science," Econ Journal Watch, Econ Journal Watch, vol. 4(1), pages 112-124, January.
  • Handle: RePEc:ejw:journl:v:4:y:2007:i:1:p:112-124
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    References listed on IDEAS

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    2. Thomas C. Kinnaman, 2006. "Policy Watch: Examining the Justification for Residential Recycling," Journal of Economic Perspectives, American Economic Association, vol. 20(4), pages 219-232, Fall.
    3. Fullerton Don & Kinnaman Thomas C., 1995. "Garbage, Recycling, and Illicit Burning or Dumping," Journal of Environmental Economics and Management, Elsevier, vol. 29(1), pages 78-91, July.
    4. Palmer, Karen & Walls, Margaret, 2000. "Upstream Pollution, Downstream Waste Disposal, and the Design of Comprehensive Environmental Policies," Discussion Papers dp-97-51-rev, Resources For the Future.
    5. Jannett Highfill & Michael McAsey, 2001. "Landfilling Versus ``Backstop'' Recycling When Income Is Growing," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, pages 37-52.
    6. Walls, Margaret & Palmer, Karen, 2001. "Upstream Pollution, Downstream Waste Disposal, and the Design of Comprehensive Environmental Policies," Journal of Environmental Economics and Management, Elsevier, vol. 41(1), pages 94-108, January.
    7. Rafael Lusky, 1976. "A Model of Recycling and Pollution Control," Canadian Journal of Economics, Canadian Economics Association, vol. 9(1), pages 91-101, February.
    8. Palmer, Karen & Walls, Margaret & Sigman, Hilary, 1996. "The Cost of Reducing Municipal Solid Waste," Discussion Papers dp-96-35, Resources For the Future.
    9. Vernon L. Smith, 1972. "Dynamics of Waste Accumulation: Disposal versus Recycling," The Quarterly Journal of Economics, Oxford University Press, vol. 86(4), pages 600-616.
    10. Ethridge, Don, 1973. "The Inclusion of Wastes in the Theory of the Firm," Journal of Political Economy, University of Chicago Press, vol. 81(6), pages 1430-1441, Nov.-Dec..
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    12. Eichner, Thomas & Pethig, Rudiger, 2001. "Product Design and Efficient Management of Recycling and Waste Treatment," Journal of Environmental Economics and Management, Elsevier, vol. 41(1), pages 109-134, January.
    13. Clark Wiseman, 1992. "Government and Recycling: Are We Promoting Waste?," Cato Journal, Cato Journal, Cato Institute, pages 443-460.
    14. Creason, Jared & Podolsky, Michael, J., 2001. "Economic Impacts of Municipal Recycling," The Review of Regional Studies, Southern Regional Science Association, vol. 31(2), pages 149-164, Fall.
    15. Karen Pittel & Amigues Jean-Pierre & Thomas Kuhn, 2005. "Endogenous growth and recycling : a material balance approach," CER-ETH Economics working paper series 05/37, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    16. Palmer, Karen & Sigman, Hilary & Walls, Margaret, 1997. "The Cost of Reducing Municipal Solid Waste," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 128-150, June.
    17. Marie Lynn Miranda & Jess W. Everett & Daniel Blume & Barbeau A. Roy, 1994. "Market-based incentives and residential municipal solid waste," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 13(4), pages 681-698.
    18. Baumol, William J., 1977. "On recycling as a moot environmental issue," Journal of Environmental Economics and Management, Elsevier, vol. 4(1), pages 83-87, March.
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    More about this item

    Keywords

    political economy; economics; cooperation; wealth;

    JEL classification:

    • A0 - General Economics and Teaching - - General
    • A1 - General Economics and Teaching - - General Economics
    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • B0 - Schools of Economic Thought and Methodology - - General

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