Economic thinking. Deductive vs. Inductive methods to create economic ideas.

Discussion in 'Economics' started by jueco2005, Jul 31, 2009.

  1. morganist

    morganist Guest

    wouldn't inductive reasoning, reason whether there was any point to analysing the reason the value of a paper stock went up and instead wonder why people were so interested in something that affectively created nothing.

    the point being should the way society is run and the distribution of goods be looked at as a whole and the reasons why they have been adopted and not changed rather than the analysis of something that is not of a real value unless people believe it has value.
     
    #11     Aug 2, 2009