A Manual of Political Economy (Classic Reprint)

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Excerpt from A Manual of Political EconomyThe Delegates of the Clarendon Press, having deter mined on issuing a series of manuals intended for educational purposes, have entrusted me with the duty of supplying a short treatise on Political Economy. The several topics discussed in this little work have formed the material for certain courses of lectures which I have given during some years in London and Oxford, though they are presented in the following pages in a condensed form, many historical and statistical illustrations being omitted. These illustrations, which should be supplied by the teacher, are of the utmost importance in the study of the science, for just as the historian who is ignorant of the interpretations of political economy is constantly mazed in a medley of unconnected and unintelligible facts, so the economist who disdains the inductions of history is sure to utter fallacies. Much of the merit of Adam Smith's great work is derived from the steady use which this philosopher made of history and statistics.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.