In this article we will discuss about the reasons for the disagreement among economists. No doubt economics is a science and economists use scientific methods with evidence about the real world, in a manner comparable with other sciences. There are various ways in which scientific knowledge develops. One which is often fruitful is based on the gradual development of understanding. [...]
List of top six economists who adopted historical method of studying economics:- 1. Richard Jones 2. Water Bagehot 3. John Kells Ingram 4. Thomas Edward Cliffe Leslie 5. Arnold Toynbee 6. Thorold Rogers. Economist # 1. Richard Jones (1790-1855): Richard Jones is generally regarded as an isolated representative of the historical methods in England in the nineteenth century. His major [...]
List of top two economists of Mathematical School:- 1. Augustine Cournot 2. Gossen. Economist # 1. Augustine Cournot (1801-1877): Cournot was the principal founder of the mathematical school. He was a famous French economist who was the first to use Mathematics in this subject. In the opinion of Dr. Marshall, Cournot's genius must give a new mental activity to everyone [...]