Full text : Political economy

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  Pantaleoni’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  Mathematical ­
  Psychics,  the  mathematical  appendix  to  Flux’s
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