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Concepts in the Description of African Economics

Published online by Cambridge University Press:  25 April 2022

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Extract

The tribe of economists to which I belong regard concepts as more or less ‘kosher', but not description. Economics, most of them would probably argue, is concerned with analysis and prediction; description is for lesser breeds. For example, students are taught the intricacies of analysing the supply of money, but it is rarely suggested to them that they might reasonably be expected to know how money actually comes into existence, which would involve knowing and being able to describe what a bank is, What it does and how. Confronted with such searching questions, they are therefore generally floored; and last year's students are, of course, this year's professional economists!

Yet description is really of the essence of any subject. We cannot account for economic change in Africa unless we can describe it.

Type
A.S.A.U.K. Presidential Address Given at the London Symposium, September 1975
Copyright
Copyright © International African Institute 1975

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Footnotes

1

This Presidential Address was written to be spoken not read and intended for an audience who had come to attend a Symposium on African History, Politics, Language and Literature.

References

* Elliot, Charles The development debate SCM Press London 1971Google Scholar

* Baucr, P T and Yamey, B S, The Economics of Underdeveloped Countries London 1957 Chapt 3.Google Scholar