Economics for Beginners (Classic Reprint)

The most advanced Economists in the world are now satisfied that ancient Authors were right in holding Exchangeability to be the sole essence and principle of Wealth :that everything which can be bought and sold, whatever its nature may be, is Wealth :and consequently that theS cience of Political Economy, or, as it may more aptly be termed, Economics, is theS cience of Exchanges or of Commerce. This Httle work is an exposition of the broad outlines of theS cience according to this viev;, which is that of the Third School of Economists, whose doctrines are now rapidly gaining the ascendency throughout the world. If any readers should wish to see a fuller exposition of the reasoning upon which its conclusions are founded, I may refer them to my Principles of Economical Philosophy, or my Lectures given in the University of Cambridge with the Recognition of theB oard of Moral Sciences, in which I have traced the rise and progress of Economical ideas from the earliest antiquity to the present time. H. D. M.
(Typographical errors above are due to OCR software and don't occur in the book.)

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