Theory of Psychological Economics by Roman Orgenzky
Abstract
Political economy and statistics are based on psychology — this is the basic thesis of the great Russian economist and statistician Roman M. Orgenzky. He recognized the economic science as one of purely subjective disciplines, and alleged the primacy of psychological factors in explaining
economic phenomena. In this publication, main provisions of the Orgenzky’ doctrine are discovered: the theory of the value and the original statistical category of “cumulative characteristics”.
Keywords:
psychological economics, economic phenomena, will, value, estimate, cumulative characteristics, correlation
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.