Key to Problems in Principles of Economics (Classic Reprint)

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Excerpt from Key to Problems in Principles of Economics Since it is probable that some persons will look on the supplying of a key to the problems of my text as quite unnecessary, not to say impertinent, I here note the considerations which seem to me decisive in favor of the policy adopted. First, it is always possible that the same problem should quite legitimately he interpreted and answered in more than one way. But, secondly, it is very important that each problem should be interpreted in just one way, that is, the way fitted to bring out the point which it was designed to illustrate. Again, it is very important that, throughout any particular class, the method of interpreting and answering a given problem should be uniform, a condition which, in case several different persons are teaching different sections of that class, will not be realized as a matter of course. Finally, the best device for insuring the presence of these two conditions, namely, an appropriate interpretation and answer and a uniform interpretation and answer, seems to be the well-tried one of a key prepared by the author himself. 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.