Elementary Economics (Classic Reprint)by Thomas Nixon Carver
There never was a lime when men needed to think so seriously about the problems of national welfare as the present. It is plainer than ever that this is an economic question, that is, a question of economizing. It is the purpose of this book to examine the economic foundations of our national welfare and to point out some of the
Excerpt from Elementary Economics
There never was a lime when men needed to think so seriously about the problems of national welfare as the present. It is plainer than ever that this is an economic question, that is, a question of economizing. It is the purpose of this book to examine the economic foundations of our national welfare and to point out some of the simpler and more direct methods of strengthening these foundations, to the end that our nation and all nations that aim at democracy and justice may prosper more and more.
In order that there may be real improvement our people must themselves understand the principles upon which national prosperity rests. People who do not govern themselves, but rely upon rulers to govern them, may ignore these questions; but people who rule themselves have no one to depend upon but themselves. They must therefore know for themselves the leading principles of this great subject.
The time to begin studying this subject in a systematic manner is when we first begin to think about public questions - that is, in early youth, for our youth are thinking about public questions and we could not stop them even if we wanted to. Much time is lost and much loose thinking results from postponing this study too long. Opinions are formed too hastily and with too little information, and when once formed they are hard to get rid of. No study can possibly be more important than that which will even slightly reduce the number of hasty and ill-founded opinions and train our future citizens in the habit of careful, painstaking study of public questions and of looking on many sides of each one before reaching a conclusion concerning it.
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