Economics as a positive science is a body of tentatively accepted generalizations about economic phenomena thatcanbe used topredicttheconsequences ofchanges in circumstances.
Science proceeds by successive answers to questions more and more subtle, coming nearer and nearer to the very essence of phenomena.
Webster's New World Dictionary of Quotations Copyright © 2010 by Chambers Harrap Publishers Ltd. All rights reserved. Published by Wiley, Hoboken, NJ. Used by arrangement with John Wiley & Sons, Inc.
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