The Process of Economic Analysis

  • D. C. Rowan


In Chapter 1 we defined the four main problems with which this book deals as being to explain:
  1. (i)

    what determines the level of ‘output’ in any period;

  2. (ii)

    what determines the rate at which ‘output’ grows between any two periods;

  3. (iii)

    what determines the general level of prices in any period;

  4. (iv)

    what determines its rate and direction of change between any two periods.



Economic Analysis Corporal Punishment Beer Production Positive Economic Beer Consumption 
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Suggested reading

  1. M. Friedman, Essays in Positive Economics (Chicago University Press, 1953) ch. 1.Google Scholar
  2. *T. W. Hutchinson, The Significance and Basic Postulates of Economic Theory (Macmillan, 1938).Google Scholar
  3. A. R. Louch, Explanation and Human Action (Oxford University Press, 1966) chs 4, 5.Google Scholar
  4. J. Robinson, Economic Philosophy (Penguin, 1962) ch. 1.Google Scholar
  5. F. Zeuthen, Economic Theory and Method (Longman, 1955) chs 1–5.CrossRefGoogle Scholar

Copyright information

© D. C. Rowan 1983

Authors and Affiliations

  • D. C. Rowan
    • 1
    • 2
  1. 1.University of SouthamptonUK
  2. 2.University of New South WalesSydneyAustralia

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