Principles of Economics (Classic Reprint)

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Excerpt from Principles of Economics The principal changes in this edition are the following: dividing the chapters so as to make 37 instead of 16 as in the fourth edition, elaborating two or three chapters which were little more than lecture notes, abridging two or three discus sions which belonged rather to monograph literature, dimin ished use of formal principles, increased use of concrete illus trations and a general softening of the style. Disproportio-n and inconsistency have been diminished, but not yet removed. The most significant single change is the starting of the Crit ique of the Present Order with Distribution rather than Pro duction, - a change which naturally led to a complete reorgan ization of this discussion. 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.