Publisher's Synopsis
Excerpt from Elementary Principles of Economics: Together With a Short Sketch of Economic History
First of all, it has been deemed well to present to the stu dent in the opening chapter an idea of what the science is, and to show him, as is being done in the present chapter, what are the main topics with which the science is con cerned. In another introductory chapter there is pre sented a discussion of some of the fundamental institutions in our social order.
In the second place, it is thought advisable to give in a few chapters a skeleton outline of the economic history of mankind, with more particular attention to those late developments in English and American economic history which have given rise to existing economic conditions. This part of the subject is often omitted from elementary text-books, and therefore a word of explanation is here in place.
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