Competition as a discovery procedure
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KeywordsMonetary Policy Quarterly Journal Real Wage Full Employment Relative Wage
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- 1.See the interesting discussion of these problems in M. Polyani, The Logic of Liberty (London, 1951), in which the author is led from a study of the methods of scientific research to that of economic competition. See also K.R. Popper, Logik der Forschung, 2d. ed. (Tübingen, 1966), p. 16.Google Scholar
- 2.See my essay “The Theory of Complex Phenomena” in The Critical Approach in Science and Philosophy, M. Bunge, ed. (London and New York, 1964). Reprinted in my Studies in Philosophy, Politics, and Economics (Chicago and London, 1967).Google Scholar
- 4.J. Schumpeter, Das Wesen und der Hauptinhalt der theoretischen Nationalökonomie (Leipzig, 1908), p. 97.Google Scholar
- 5.G. Hardin, Nature and Man’s Fate (New York and London, 1959). Mentor Edition, 1961, p. 54.Google Scholar
- 6.See A. Smith, Theorie der ethischen Gefühle, W. Eckstein, trans. (Leipzig,, 1926), vol. 2, pp. 396, 467.Google Scholar
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