L'i// 
POLITICAL 
ECONOMY 
BY 
S. J. CHAPMAN, M.A., M.Com. 
PiofeFsor of Political Economy and Dean 
cf the Facul y cf Commerce and 
Administration in the 
University of Manchester ; 
Author of 
" T he Lancashire Cotton Industry.” 
“ Wages and Employment," etc. 
LONDON 
WILLIAMS AND NORGATE