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  1. keannu's Avatar
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    #1

    The movements of economic quantities were determinate,

    Does "The movements of economic quantities were determinate," mean like this?
    If there's a rule like "Double supply will result in double demand.", and when double supply actually happens, the demand wouldn't exceed more than double, at most 2.3 tims or so, not exceeding 3 times.
    Does it mean any economic rule can be well applied in various situations?

    330-154
    ex)The remarkable thing about the economy was that it seemed to be a system largely independent of the will of the participants. In this respect, it interestingly resembled nature as it was coming to be revealed by science, and was strikingly different from social and political life, in which unpredictable human decisions were the rule. The movements of economic quantities were determinate, at least in principle. When the price of a commodity rose, consumers bought less of it, which tended to bring the price down again. There flashed upon the minds of some thinkers the idea that here, in economics, was to be found the key to a real science of man. ...

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    #2

    Re: The movements of economic quantities were determinate,

    "Determinate" means fully dependent on some other factors, and therefore predictable if those factors were known -- theoretically. Theoretically, for the dynamics can be complex, and small changes in the inputs sometimes result in large changes in the outputs. For example, the weather is fully determinate on atmospheric thermodynamics within the earth's gravity, i.e. temperature, pressure, windspeed, and the rotatation/gravity of the planet, all of which can be measured; but weather forecasting is not fully an exact science.

  2. keannu's Avatar
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    #3

    Re: The movements of economic quantities were determinate,

    1. definitely limited, defined, or fixed; distinct
    2. a less common word for determined
    3. a. able to be predicted or deduced
    b. (of an effect) obeying the law of causality

    So, you mean the definition of "definite" here is 3, but the translation goes as 1, so I think the translation is wrong. Yours is right.

  3. keannu's Avatar
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    #4

    Re: The movements of economic quantities were determinate,

    Actually, my question was if the answer is 2 or 3. Is it 2 or 3?

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