When they took "political" out of economy, the study of economics no longer included the study of people. "In the late 19th century, the term economics came to replace political economy, coinciding with publication of an influential textbook by Alfred Marshall in 1890. Earlier, William Stanley Jevons, a proponent of mathematical methods applied to the subject, advocated economics for brevity and with the hope of the term becoming "the recognised name of a science"". en.m.wikipedia.org/wiki/Political_economy
Posted on: Fri, 05 Jul 2013 13:49:46 +0000
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