The Reconstruction Of Economic Theory (1912)

The Reconstruction of Economic Theory is a book written by Simon Nelson Patten in 1912. The book is a critique of traditional economic theory and proposes a new approach to economics that takes into account the social and psychological factors that influence economic behavior. Patten argues that traditional economic theory is too focused on the mechanics of supply and demand and ignores the broader social and cultural context in which economic activity takes place. He suggests that economics should be viewed as a social science, and that economic behavior is shaped by a variety of factors, including culture, religion, and psychology. Patten's ideas were influential in the development of institutional economics, which emphasizes the importance of institutions in shaping economic behavior. The book is considered a landmark in the history of economic thought and is still widely read and discussed today.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.