Economics for Beginners (Classic Reprint)

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Excerpt from Economics for Beginners 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 the Science of Political Economy, or, as it may more aptly be termed, Economics, is the Science of Exchanges or of Commerce. This little work is an exposition of the broad outlines of the Science according to this view, 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 the Board of Moral Sciences, in which I have traced the rise and progress of Economical ideas from the earliest antiquity to the present time. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This 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.