ABSTRACT
Economics, as a theoretical discipline, aims at explaining those uniformities in the economic activities of society which are not the result of deliberate design but the produce of the interplay of the separate decisions of individuals and groups. ‘Classical’ School took definite shape in the efforts to master the new problems raised by the progress of the industrial revolution and by the grave economic disturbances caused by the Napoleonic wars. As economics is the most highly developed among the theoretical social sciences a few words may be said about the points on which all these disciplines differ from the more familiar natural sciences.
