The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Political Economy and Psychology

  • P. H. Wicksteed
Reference work entry


If political economy is the science of wealth, then it deals with efforts made by man to supply wants and satisfy desires. ‘Want’, ‘effort’, ‘desire’, ‘satisfaction’, are each and all psychic phenomena.

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  1. Cairnes, J.E. 1875. The character and logical method of political economy, 2nd ed. London: Macmillan.Google Scholar
  2. Comte, A. 1830–42. Cours de philosophie positive. 6 vols, Paris: Bachelier.Google Scholar
  3. Keynes, J.N. 1891. The scope and method of political economy. London: Macmillan.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • P. H. Wicksteed
    • 1
  1. 1.