MODR 1760 Lecture 7: summary notes

• School: York University
• Department: Modes Of Reasoning
• Course: MODR 1760
• Professor: Cael D.Zorn

Document Summary

A vast number of people both in town and country, he noted, had insufficient food, clothing, and house-room; they were: Overworked and undertaught, weary and careworn, without quiet and without leisure. the chance of their succor, he concluded, gave to economic studies their chief and their highest interest. 2] no contemporary economist would be likely to make such an observation about the. Conventional economic discourse makes obeisance to the continues existence of some poverty. We must remember that we still have a great many poor people. in the nineteen-sixties, poverty promised, for a time, to become a subject of serious political concern. Then war came and the concern evaporated or was displaced. For economists of conventional mood, the reminders that the poor still exist are a useful way of allaying uneasiness about the relevance of conventional economic goals. Hence, the importance of the goods to them is not per se very high.