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Heimann, 1944. Social Research 11(2):202-215

The Central Theme in the History of Economics
Eduard Heimann

Social Research: An International Quarterly

Arien Mack, Editor

Volume 11, No. 2 (Summer 1944): 202-215

EXCERPT: There was no economic theory before there was a specific problem for it to deal with. This economic problem must not be confused with the general economic task which every society in history has always had to solve: allocation of the supply of labor, limited in quantity and productivity, and of scarce resources, to the service of the most important among the innumerable needs of the society. This task requires, before the technical procedure of allocation, the establishment of a hierarchy of needs: which of them are most important? Since the needs of different persons are not naturally commensurable, they must be made commensurable, and arranged in some order of importance, by the historical society in every case...
Stock number:SRJ-ART-112-0202 Price:$15.00

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