The Relations of Recent Psychological Developments to Economic Theory

Abstract

The purely objective factors in economics, 377. — Psychological principles necessarily used in addition, 381. — Social assumptions, 385. — Psychical factors are human motives, 387; their analysis needed for most social problems, 389. — Adequacy of psychology assumed in economic theory in dispute, 390. — Analysis of arguments pro and con, 392. — Hedonistic foundation, 394. — Costless production, 401. — Industrial peace, 404. — Sums of utility, 406. — Social demand, 407. — Institutional economics, 409. — Most accurate psychology needed, of producers' motives, 415; of consumers' demands, 419.