Applied Economics - Origins of The Term

Origins of The Term

The origin and meanings of Applied Economics has a long history going back to the writing of Say and Mill. Say wrote about "applying" the “general principles of political economy” to "ascertain the rule of action of any combination of circumstances presented to us." The full title of Mill’s (1848) work is Principles of Political Economy with Some of Their Applications to Social Philosophy.

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    Grown onto every inch of plate, except
    Where the hinges let it move, were living things,
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    Blue bit of polished glass, glued there by time:
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