In: Economics
The physical sciences have adopted the principles of operationalism as put forward by William Percy Bridgman, recipient of the 1946 Nobel Prize in Physics, in his book The Logic of Modern Physics. Operationalism holds that the meaning of scientific concepts is rooted in the operations needed to measure physical quantities. Operationalism rejects the idea that there are quantities defined a priori that we can measure with different (eventually ap- proximate) methods. It argues that the meaning of a scientific concept is in how we observe or measure it. Whom among the early Mercantilist and Physiocratic thinkers articulated economic theory that at least approximated operationalism? Why? (3 paragraphs)