NOTE ON BOOKS
Those who desire to make a further study of Political
Economy are advised to peruse next some comprehensive
work of an intermediate size. Works of this kind are
numerous. The following have appeared in England :—
Flux, Economic Principles ; Nicholson, Elements of
Political Economy ; and my own Outlines of Political
Economy. The following have appeared in the United
States :—Bullock, Introduction to the Study of Economics ;
Ely, Outlines of Economics; Fetter, Principles of Economics;
Hadley, Economics ; Seagar, Introduction to Economics ;
Seligman, Principles of Economics ; and Walker, Political
Economy. In addition there is a book by Gide on Political
Economy which has been translated from the French into
English.
After reading one of these volumes the student who
aims at thoroughness should work through Marshall’s
Principles of Economics, which is the authoritative treatise
on theory, but does not cover money, foreign trade and
public economics and finance. Large comprehensive
treatises, which, however, are not substitutes for Marshall’s
Principles in respect of the subjects included in the latter,
have been penned by Nicholson (3 vols.), Taussig (2 vols.),
and Pierson (in Dutch, of which only the first volume has
been translated). Wicksteed’s Common Sense of Political
Economy may also be mentioned, together with Panta-
leoni’s Pure Economics (translated).
Mathematicians who are interested in theory should
carefully study the mathematical appendix to Marshall’s
Principles, and consult in addition Edgeworth’s Mathe
matical Psychics, the mathematical appendix to Flux’s
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