Note (return) — Chapter V

Since Jevons's time the method which he initiated has been steadily extended; economic and statistical processes have become more nearly assimilated, and problems of fatigue or acquired skill, of family affection and personal thrift, of management by the entrepreneur or the paid official, have been stated and argued in quantitative form. As Professor Marshall said the other day, qualitative reasoning in economics is passing away and quantitative reasoning is beginning to take its place.[43]