Simon Newcomb 1886 Principles Political Economy

ir'slS'fc.i?> '' H? /?-l "^ ' ' PLEASE HANDLE WITH CARE University of Connecticut Libraries BOOK 330.N435 c. 1 NEWCOMB # PRINCIPLES OF POLITICAL ECONOMY T1S3 DDDflfiE7 M J r PEINOIPLES aV 1 C " OF POLITICAL ECONOMY BY SIMON NEWCOMB, Ph.D., LL.D. PROFESSOR OF MATHEMATICS, U. S. NAVT; PROFESSOR IN THE JOHNS HOPKINS CNIVERBITT NEW YORK HARPER & BROTHERS, FRANKLIN SQUARE Copyright, 1885, by Harper & Brothers Copyright, 1913, by Mary C. H. Newcomb Printed in the United States of America PREFACE. ^ The following work is intended to embody an exposition of those principles of economic science which must be mastered J*' by every one who would form an intelligent judgment of the causes which influence the public well-being. The main improvement which the author has attempted is the presentation *v of the subject in a scientific form as an established body of f) principles. It has seemed to him that, from a scientific standt^ point, the most unsatisfactory feature of the current teaching of economics is the presentation of too many opposing views and arguments. He has endeavored to exclude all mere views, and substitute independent investigation for argument. Where investigation leads to a positive result, that result is stated in the form of a point gained; where the result is still uncertain, the deficiency is pointed out, with hints of what new knowledge is wanti…