ABSTRACT

First published in 1921, this book is intended to provide a comprehensive overview of economics to beginners, with only the more intricate and controversial subjects — such as economic rent — being omitted for the sake of clarity. The subject is dealt with as concretely as possible with extensive descriptions and examples provided to further elucidate the subject while avoiding unnecessary technicalities. The arrangement of the material is based on the author’s experience of teaching economics and postpones the more difficult elements to the end of the book in order to provide a more thorough grounding in the essentials before introducing them to the reader.

chapter I|3 pages

PART I

chapter II|4 pages

DIVISION OF LABOUR

part III|2 pages

LOCALIZATION OF INDUSTRY

chapter IV|5 pages

INCOME

chapter V|3 pages

UTILITY

chapter VI|4 pages

THE SATISFACTION OF WANTS

chapter VII|4 pages

DEMAND

chapter VIII|4 pages

ELASTICITY OF DEMAND

part IX|2 pages

VARIATIONS IN DEMAND

chapter X|3 pages

THE ENTREPRENEUR

chapter XII|5 pages

I. INCREASING AND DECREASING COSTS

chapter XIII|3 pages

MARKETS

chapter XIV|5 pages

THE DEALER

chapter XV|4 pages

MAXIMUM PRICES

chapter XVI|3 pages

RATIONING

chapter XVII|3 pages

PROFITS

chapter XVIII|3 pages

VARIATIONS IN PROFIT

chapter XIX|7 pages

I. LARGE AND SMALL SCALE PRODUCTION

chapter XX|3 pages

PROFITEERING

chapter XXI|7 pages

MONOPOLY PROFIT

chapter XXII|3 pages

CAPITAL

chapter XXIII|3 pages

CAPITAL (continued)

chapter XXIV|4 pages

SAVING AND INVESTMENT

chapter XXV|5 pages

INTEREST

chapter XXVI|3 pages

THE RATE OF INTEREST

part XXVII|2 pages

THE RATE OF INTEREST (continued)

chapter XXVIII|3 pages

XXVIII. Rent . . . . #

chapter XXIX|3 pages

LAND TENURE: AGRICULTURAL

chapter XXX|4 pages

LAND TENURE: TOWN

chapter XXXI|6 pages

WAGES OR EARNINGS

chapter XXXII|4 pages

WOMEN'S WAGES

chapter XXXIII|3 pages

HOURS OF LABOUR

chapter XXXIV|4 pages

UNEMPLOYMENT

chapter XXXV|3 pages

TRADE UNIONS AND WAGES

chapter XXXVI|3 pages

PROPERTY

chapter XXXVII|4 pages

ALTERNATIVE SYSTEMS OF PROPERTY

chapter I|4 pages

PART II

chapter II|4 pages

TOKEN MONEY

part III|2 pages

REPRESENTATIVE MONEY

chapter IV|4 pages

BANKING

chapter V|4 pages

CHEQUE-PAYING BANKS

chapter VI|4 pages

THE BILL OF EXCHANGE

chapter VII|4 pages

THE BANK OF ENGLAND

chapter VIII|3 pages

THE MONEY MARKET

chapter IX|4 pages

FOREIGN EXCHANGES

chapter X|3 pages

FOREIGN EXCHANGES (continued)

chapter XII|5 pages

GENERAL PRICES

chapter XIII|4 pages

THE EFFECT OF A GENERAL RISE OF PRICES

chapter I|4 pages

THE WEALTH OF NATIONS

chapter II|3 pages

WELL-BEING OF COMMUNITY

chapter III|4 pages

THE LAW OF DIMINISHING RETURNS

chapter IV|4 pages

THE ECONOMIC FUNCTIONS OF THE STATE

chapter V|4 pages

TAXATION

chapter VI|5 pages

FOREIGN TRADE AND PROTECTION

part VII|2 pages

LOCAL TAXATION

chapter VIII|6 pages

NATIONAL DEBTS