Modern Economic History
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Excerpt from Modern Economic History: With Special Reference to Australia
It is hoped, therefore, that the present volume will meet a need felt by Australian teachers and students of Economics. Many of them will criticize my allocation of space to the different subjects, and I shall probably agree with their criticisms. Much is omitted which should be inserted, there is nothing about price movements, little about private finance, and less about public finance. My only excuses are that the book is already too long. That the addition of prices and finance would necessitate. The inclusion of much theoretical discussion, which has been well done in such volumes as Clay's Economics for the General Reader or Gide '8 Political Economy, and that one cannot deal with everything in a book which is admittedly only an introduction. Those who wish to continue their studies beyond the point to which this book takes them are recommended to read the two volumes just mentioned, and consult those referred to at. The end of each chapter.
For help in leading the proofs I am indebted to Mr. W. Ham, Mr. V. E. Cromer, and Mr. F. A. Bland. For any errors in fact, and for all opinions expressed in the following pages, I alone am responsible. Where the word to-day is used in the text it should be understood to mean December, 1920.
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