Blog #education

The question of the benefit and advantage of a college education in relation to business was some time ago freely discussed in some of our leading magazines. Many of the articles were not without a grain of truth, yet in some of them the authors seemed to disregard certain essential questions.

What are the main functions of economics? Any fairly well informed person who takes up the study of economics must be struck by the variety and the conflicting character of doctrines presented by different schools of political economy; and he could not help noticing the difference of viewpoint, taken by various writers, as to what is the proper function and scope of the science of political economy; a difference which necessarily must affect the deductions and the teachings of the respective writers in a marked degree.