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The Science of Qualitative Economics

  • Woodrow W. Clark II
  • Michael Fast
Chapter

Abstract

Little has changed in economics over the last 50 years and even longer since the mid-nineteenth century with Adam Smith. A brief summary of economics over the decades starts before the twentieth century with the field being in the domain of philosophy. Aside from the political extremes that grew before and after WWI, global economics were dominated by few individuals from either the political right or left. Then in the 1930s, scholars and politicians began to focus more and more on numbers, since the global depreciation meant that countries needed to invest in themselves. Numbers had to be created both to account for the investments and to manage them.

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Woodrow W. Clark II
    • 1
  • Michael Fast
    • 2
  1. 1.Pepperdine Graziadio Business School, Los Angeles and MalibuCaliforniaUSA
  2. 2.Department of Business and ManagementAalborg UniversityAalborgDenmark

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