Part Three: On Scientific Method
VIII. The Place of Economics Among the Sciences
by WILHELM RÖPKE
(from the German by George D. Huncke)
IX. On Methodology in Economics
by FAUSTINO BALLVÉ
(from the Spanish by O. L. Ballvé)
X. Some Considerations on Economic Laws
by CARLO ANTONI
(from the Italian by Micheline Mitrani)
XI. Averages and Aggregates in Economics
by LOUIS M. SPADABO
XII. The Inferiority Complex of the Social Sciences
by FRITZ MACHLUP
IT IS said and repeated over and over again that the social sciences are so very young, relatively speaking. Why is it that social scientists insist on this as a statement of fact and why do they consider it worth-while repeating?
Part Four: The Economics of Free Enterprise
XIII. The Market Economy and the Distribution of Wealth
by L. M. LACHMANN
EVERYWHERE today in the free world we find the opponents of the market economy at a loss for plausible arguments. Of late the “case for central planning” has shed much of its erstwhile luster. We have had too much experience of it. The facts of the last forty years are too eloquent.
XIV. Unearned Riches
by LEONARD E. READ
ONE of the cornerstones of economic theory is the economic value we attach to commodities and services that possess a relation to our well-being. Economic value is the importance which a good possesses for us because it is useful and scarce.
XV. The Yield from Money Held
by W. H. HUTT
