Mastering the old in order to appreciate the new : Joseph Shield Nicholson's rehabilitation of Adam Smith
Part of : Αρχείον οικονομικής ιστορίας ; Vol.V, No.1-2, 1994, pages 175-191
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175-191
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The title of this paper paraphrases the following statement by Nicholson, which epitomises the main thrust of his approach to economic analysis” … you must master the old before you can appreciate the new, a position of truth rediscovered for the hundredth time by some ametaur is not of such value as a body of doctrines that have developed for more than a century by economists of repute” (1893, p. 639).
