Introductory Economics Custom Edition

Author : Alvin S. Johnson
Publisher : Forgotten Books
ISBN 13 : 9781440058868
Total Pages : 418 pages
Book Rating : 4.0/5 (588 download)

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Download or read book Introductory Economics written by Alvin S. Johnson and published by Forgotten Books. This book was released on 2015-06-16 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Introductory Economics In a democratic State economic science should be for the many, not for the few. The science is admittedly a difficult one; and until a royal road through its domains has been found, there is ample justification for the publication of a new text-book on economics, for the many excellent manuals now before the American public have not reached all classes nor met all needs. It has appeared to the writer that an economics text-book of moderate dimensions, dealing with only the more fundamental problems of the science, and written, so far as this is possible, in the language of every-day life, would prove useful to at least a limited class of students, and especially to those students of mature mind who seek to gain an introduction to modern economic thought, but who are not in a position to avail themselves of the advantages of class-room instruction. What students of this class - as well as many other students - most need is not a compendium of economic facts nor even an exhaustive treatment of economic principles, but a series of rigorous exercises in economic reasoning which will enable them better to organize the mass of practical economic knowledge that their daily experience affords. The distinctive character of modern economic theory consists chiefly in its method of applying the principles of diminishing utility and diminishing returns. The student who is thoroughly familiar with these two principles, and who is trained to recognize their operation in practically every economic problem, will be able to follow the reasoning of the most profound of the modern economists, provided, of course, that this reasoning is not rendered unintelligible by a special terminology. But it is not alone as an introduction to economic theory that training in the use of these two principles is of vital importance. 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.