The Elements of Political Economy (Classic Reprint)

The following work contains, in substance, the Lectures on Political Economy which have been delivered, for some years past, to the Senior Class in Brown University. When the Author sattention was first directed to the Science of Political Economy, he was struck with the simplicity of its principles, the extent of its generalizations, and the readiness with which its facts seemed capable of being brought into natural and methodical arrangement. At the same time, it appeared to him that the works on this subject, in general use, while they presented its doctrines truly, yet did not present them in such order as would be most likely to render them serviceable either to the general student, or to the practical merchant. This defect, for the sake of his pupils, he endeavored to supply. What he thus at first prepared for them, he now offers to the public. In how far he has succeeded, it must be left for others to decide. His object has been to write a book, which any one who chooses may understand. He has, therefore, labored to express the general principles in the plainest manner possible, and to illustrate them by cases with which every person is familiar.
(Typographical errors above are due to OCR software and don't occur in the book.)

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