Titlebook: Allyn Abbott Young; Ramesh Chandra Book 2020 The Editor(s) (if applicable) and The Author(s) 2020 Allyn Abbott Young.History of economic t

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Intellectual Influences on Allyn Young, influenced by both. He was attracted to Ely’s ‘look and see’ method and commended Knies for not succumbing to the temptation of deciphering universal laws from historical studies. Young was also influenced by Adam Smith’s theory of growth and cast it in terms of cumulative causation. Young used Mar

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Nature, Scope and Method of Economics,ies of man but only in relation to solving communal problems. For him economics was useful if studied in relation to other social sciences and was at least as much an art as a science. He discounted the notion of rational economic man and stated that English political economists always took their da

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,Allyn Young’s Contribution to Growth Theory,trade theorists. Young interpreted Smith’s relationship between the division of labour and market size in terms of cumulative causation and concluded that the division of labour in large part depends on the division of labour. While Smith laid great stress on the institutional arrangements promoting

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