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Who said "The law of economics are statements of tendencies expressed in the indicative mood and not ethical precepts in the imperative"?
Who said "The law of economics are statements of tendencies expressed in the indicative mood and not ethical precepts in the imperative"?
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Solution
The correct option is B Alfred Marshall
Alfred Marshall was a British economist who wrote the most influencing economic theories of his time. He was the first one to emphasize on nature of economic laws which stated that the laws are highly variable and based on various assumptions unlike law of physical science backed with ethical precepts.
Alfred Marshall was a British economist who wrote the most influencing economic theories of his time. He was the first one to emphasize on nature of economic laws which stated that the laws are highly variable and based on various assumptions unlike law of physical science backed with ethical precepts.
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