Descriptive Economics

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Excerpt from Descriptive Economics: An Introduction to Economic ScienceThe work is a wide departure from the ordinary plan of most elementary works on Political Economy, or, as it is preferably called, Economics. These works generally commence with an abstract discussion of wealth or value. In the following pages the terms wealth and value are nowhere used in a technical sense, and the same is true of most of the technical terms of Economics. At the same time, however, the theories to which these terms give rise, are indirectly discussed and all the well known propositions of Economics are clearly and fully set forth.It is hoped that the student and reader will find here the collection of economic phenomena, classified and arranged as required for the more abstract reasoning and generalizations relating to the higher branches of the subject.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.