Ayres, C. E.

Theory of economic progress: a study of the fundamentals of economic development and cultural change - 2nd ed. - New York Schocken Books 1962 - 317 p.

The purpose of this book is to set forth a new way of T thinking about economic problems. The time will come when we shall see that the root of all our economic confusion and the cause of the intellectual impotency which has brought economics into general disrepute is the obsession of our science with price theory-the virtual identification of economics with price analysis to the almost total exclusion of what Veblen called the "life process" of mankind.
To orthodox economists such a statement of the issue must always seem unwarranted. As they still insist, what focused the attention of the founding fathers upon price was their "realization" that price equilibrium is the key to all the mys teries of economic life. Ah, sweet mystery of price!


Economics

330.1 Ayr 2nd ed.