markitect-main/examples/infospace-with-history/output/entities/political-arithmetic.md

Political Arithmetic

Definition

The quantitative analysis of economic and political phenomena through statistical measurement and numerical calculation, used to evaluate the effects of policies and institutions.

Source Chapter

Book IV, Chapter 5

Context

Smith expresses skepticism about the precision of political arithmetic, while still using numerical examples to illustrate his arguments about the relative importance of different types of trade.

Economic Domain

General Theory

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