Economics and Political Science

  • Charles P. Kindleberger

Abstract

On a superficial level, economics is simpler than political science. This is partly because it uses a powerful hypothesis about economic activity—that human beings economize or, more precisely, seek to minimize costs for a given output or to maximize output for a given cost or input. It is also partly because inputs and outputs can be measured in a single numéraire or scale: money. Costs, values, prices, both for single goods and for aggregates such as income and wealth, can be expressed and ranked in precise, quantitative terms. A house is worth more than a book; the income per capita of an American is 60 times that of the average Indian.

Keywords

Migration Europe Income Beach Resi 

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For Further Reading

  1. Bruce M. Russett, ed., Economic Theories of International Politics (Chicago: Markham, 1968).Google Scholar
  2. P. A. Baran and P. M. Sweezy, Monopoly Capital (New York: Monthly Review Press, 1966).Google Scholar

Copyright information

© Basic Books, Inc. 1970

Authors and Affiliations

  • Charles P. Kindleberger

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