Walter Bagehot's Economic Studies is a detailed discussion of English political economy as it was influenced by economists of the eighteenth and nineteenth centuries. As former editor-in-chief of The Economist, Bagehot reveals an intimate knowledge of the factors that define England's economy. He explores the ideas of economists like Adam Smith, Thomas Robert Malthus, and David Ricardo; he then applies many different approaches to economic studies in the final chapters entitled "The Growth of Capital" and "Cost of Production." British journalist WALTER BAGEHOT(1826-1877) was an early editor of The Economist and was among the first economists to discuss the concept of the business cycle. He is also the author of The English Constitution(1867), Physics and Politics (1872), and The Postulates of English Political Economy (1885).
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Since the first edition of this book was published, the two first chapters, which alone received the authors final corrections, have been published separately as aS tudents Edition for Cambridge undergraduates, with an interesting preface by Professor Marshall. There is, however, so much even in the later and posthumous part of the book which is of permanent value, that a second edition of the complete work is called for, and is now given to the public. R. H. H. uth September, i883. PREFATORY NOTE TO THE FIRST EDITION. It will be obvious to the readers of this book that a considerable portion of it, though hardly to be called fragmentary, is yet not at all as complete as the author, had he lived, would have made it; and that, in the last two essays at all events, there are considerable gaps which he would certainly have filled up. Obviously, too, various other essays would have been added probably two or three between those which here appear, certainly many on subjects which would naturally have followed the last and least perfect of all the papers, that on Cost of Production .I ndeed Mr.
(Typographical errors above are due to OCR software and don't occur in the book.)
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