An Introduction to Political Economy (Classic Reprint) - Couverture souple

Ely, Richard T.

 
9781330316238: An Introduction to Political Economy (Classic Reprint)

Synopsis

Excerpt from An Introduction to Political Economy

In offering to the reader this revision of the Introduction, to Political Economy, it seems advisable to explain some of the circumstances which have called it forth, and which have consequently determined its character. In particular is it important to explain its relation to the author's Outlines of Economics, in order to avoid confusion and possible inconvenience.

The "Introduction" was first published in 1889, and has since then without change passed through many editions. The "Outlines," which appeared in 1893, was originally intended to be simply a revised edition of the "Introduction," but finally grew into something quite different. It was therefore decided not to withdraw the earlier work, and in the preface to the "Outlines" it was stated that "in any future revisions of the two books an effort will be made to develop still further the peculiarities of each; the aim of the 'Introduction' being to furnish chiefly historical and descriptive material; the aim of the 'Outlines' being to give a systematic sketch of theory." Since the appearance of the "Outlines" the author has been gratified to learn from many sources that his course at that time has met with approval; and in this revision he seeks to carry out the intention to which reference has just been made. It has not been attempted, however, to make the revision in any way a new book, but rather to keep it essentially the same book while developing it in the direction indicated. The chief purpose of the revision has been to remove obvious defects, to bring statistical statements down to date, and to change theoretical expositions, so far as the advance of economic thought clearly requires that this should be done. On the other hand, it is altogether foreign to the purpose of this work to enter into theoretical controversies.

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Présentation de l'éditeur

It has frequently been doubted whether the present is the best time for the preparation of a text-book of political economy, and it has been said that the attitude of mind which should characterize the political economist under existing circumstances is one of pause and retrospection. There is active dispute concerning fundamental conceptions, and when one listens to the controversies now going on the impression is apt to grow on one that in political economy nothing is settled. Topics as important as wages, rent, and profits are now under active discussion by scholars who hold widely divergent views. It is true that in reality many things are tolerably well settled in political economy, and that progress in the science was never so rapid as now; but precisely this hopeful outlook for the future renders the preparation of a text-book at present difficult. The authors experience as a teacher and a writer has convinced him that brief economic manuals have in the past done immense harm. Tliey have conveyed little positive knowledge, but they have provided their readers with a lot of catch-words and simple rules of thumb for the solution of the various socio-economic problems which arise mour complex modern industrial civilization.
(Typographical errors above are due to OCR software and don't occur in the book.)

About the Publisher

Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.

Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the aged text. Read books online for free at www.forgottenbooks.org

Présentation de l'éditeur

This book was originally published prior to 1923, and represents a reproduction of an important historical work, maintaining the same format as the original work. While some publishers have opted to apply OCR (optical character recognition) technology to the process, we believe this leads to sub-optimal results (frequent typographical errors, strange characters and confusing formatting) and does not adequately preserve the historical character of the original artifact. We believe this work is culturally important in its original archival form. While we strive to adequately clean and digitally enhance the original work, there are occasionally instances where imperfections such as blurred or missing pages, poor pictures or errant marks may have been introduced due to either the quality of the original work or the scanning process itself. Despite these occasional imperfections, we have brought it back into print as part of our ongoing global book preservation commitment, providing customers with access to the best possible historical reprints. We appreciate your understanding of these occasional imperfections, and sincerely hope you enjoy seeing the book in a format as close as possible to that intended by the original publisher.

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