Publisher's Synopsis
Excerpt from Readings in Economics for China, Selected Materials With Explanatory Introductions
This should be more fully understood by the Chinese student than it is. Economics is not a mere collection Of maxims and wise sayings about riches and prosperity. Ancient writers in the West and in the East said many a wise thing about wealth, but the science of economics is comparatively new. It grew up after men recognized that the facts of economic life were worth long and careful' study. Such study and the statement Of valid conclusions is the first object and purpose of the science.
This desire on the part of the economist to find the truth must be remembered at all times if the student is to understand the subject. We do not expect the astronomer to find in the sky the things that please us but the things that are really there. We do not expect the physician who examines us to modify his statements on account of our prejudices or his own. We ought not to expect the economist to be any less an impartial investigator. It is in this spirit that we ought to approach the subject.
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