Lectures on the Theory of Economics (Classic Reprint)

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Excerpt from Lectures on the Theory of Economics 1. The science of economics grew out of the attempt to formulate precepts for the guidance of the State in its relation to business, a fact reflected in the name "political economy, " which has so long been used to designate the subject. It was found that the formulation of such precepts requires a knowledge of the wider field of general business activity. 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.