Elements of Economics of Industry: Being the First Volume of Elements of Economics (Classic Reprint)

I fU t. iB doh PEEBACE TO THE FIRST EDITION, TTIIS Volume is an attempt to adapt the first Volume of my Principles of Economics (S econd Edition, 1891), to the needs of junior students. The necessary abridgement has been effected not l)y systematic compression so much as by the omission of many discussions on points of minor importance and of some difficult theoretical investigations. For it seemed that the difficulty of an argument would be increased rather than diminished Vjy curtailing it and leaving out some of its steps. The argumentative parts of the Principles are thex efore as a rule either reproduced in full or omitted altogether; reference in the latter case being made in footnotes to the corresponding places in the larger Treatise. Notes and discussions of a literary character have generally been omitted. The influence uf Trade-U nions on wages depends much on the course ofF oreign Trade and on Commercial Fluctuations ;and therefore in the Principles all discussion of the subject is postponed to a late stage. But in the present Volume, the practical convenience of discussing it in close connection with the main theory of Distribution seemed to outweigli the disad antages of treating it prematurely and in some measure incompletely; and aC hapteion Trade-U niotis has been added at the end of I jouk VI. A few sentences have been incorporated from theE conomics of I ndustry, published by my wife and myself in 1879.
(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 d