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'Is society a branch of physics?' asked the Abbé Mably, a minor nineteenth-century pamphleteer and philosophe. The absurd question serves very well to introduce a discussion of what modern economics is about and whether Karl Marx still has something to contribute to economic thought. For, essentially, economics has always answered Yes to the Abbé's query. That is, it has always proceeded on the belief that there were enough regularities in the social process to enable a skilled observer to discover 'laws' that described its movements, just as other laws described the motion of the planets in their orbits.
Review, 2785 words
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