TY - JOUR
T1 - Should control theory be used for economic stabilization?
AU - Prescott, Edward C.
N1 - Copyright:
Copyright 2014 Elsevier B.V., All rights reserved.
PY - 1977
Y1 - 1977
N2 - In a genetic-historical view of the fundamental revolution in outlook which represents the real beginning of modern natural science was the discovery that the inert objects of nature are not like men, i.e., subject to persuasion, exhortation, coercion, deception, etc., but are "inexorable." The position which we have to combat seems to rest upon an inference, characteristically drawn by the "best minds" of our race, that since natural objects are not like men, men must be like natural objects (Knight, 1941, p. 121).
AB - In a genetic-historical view of the fundamental revolution in outlook which represents the real beginning of modern natural science was the discovery that the inert objects of nature are not like men, i.e., subject to persuasion, exhortation, coercion, deception, etc., but are "inexorable." The position which we have to combat seems to rest upon an inference, characteristically drawn by the "best minds" of our race, that since natural objects are not like men, men must be like natural objects (Knight, 1941, p. 121).
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U2 - 10.1016/0167-2231(77)90017-3
DO - 10.1016/0167-2231(77)90017-3
M3 - Article
AN - SCOPUS:41149154207
SN - 0304-3932
VL - 7
SP - 13
EP - 38
JO - Carnegie-Rochester Confer. Series on Public Policy
JF - Carnegie-Rochester Confer. Series on Public Policy
IS - C
ER -