WEALTH - A Brief Explanation of the Causes of Economic Welfare [NOOK Book]

Overview

Scanned, proofed and corrected from the original edition for your reading pleasure. It is also searchable and contains

hyper-links ...
See more details below
WEALTH - A Brief Explanation of the Causes of Economic Welfare

Available on NOOK devices and apps  
  • NOOK Devices
  • Samsung Galaxy Tab 4 NOOK 7.0
  • Samsung Galaxy Tab 4 NOOK 10.1
  • NOOK HD Tablet
  • NOOK HD+ Tablet
  • NOOK eReaders
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac
  • NOOK for Web

Want a NOOK? Explore Now

NOOK Book (eBook)
$2.99
BN.com price

Overview

Scanned, proofed and corrected from the original edition for your reading pleasure. It is also searchable and contains

hyper-links to chapters.

***

PREFACE


The really fundamental questions of economics are why all of US, taken together, are as well off—or as ill off, if that way of putting it be preferred—as we are, and why some of us are much better off and others much worse off than the average.

I am convinced that immense harm is done by the common assumption that the answers to these questions are so obvious and easy that no general treatment of them is necessary. We should not tolerate a person who professed to explain the inefficiency of some locomotive and to provide a remedy for it, if we knew that he had never studied mechanics and was quite ignorant of the construction and working of locomotives. The existing economic organization is a much more complicated and delicate piece of machinery than a locomotive, and yet, whenever some imperfection in the work done becomes particularly prominent, we are overwhelmed with suggestions about causes and remedies by persons who have not the smallest general knowledge of the reasons why the machinery works at all. It often happens that a man of considerable eminence in his own profession, but without the smallest acquaintance with the fundamentals of economics, will make a suggestion which is precisely on a level with the proposition that the locomotive would be much more efficient if its weight were taken off the driving wheels so that they could revolve more easily. The editor of an important magazine accepts with joy the contribution in which he develops his idea, and the public feebly thinks there may be something in it, and is confirmed in this view by the fact that professional economists are as disinclined to publish a refutation of it as the Astronomer Royal is to answer the theorists who declare that the world is flat.

It is not refutation of ridiculous suggestions which is required, but their non-appearance in consequence of there being no possibility of their gaining acceptance in minds already occupied by a knowledge of the actual nature and working of the economic machine. When, therefore, I tire the reader with insistence on something which appears to him too obvious to need mention, I hope he will ask himself whether he does not know of some important propaganda, or of some opposition to some important reform, which is based on a doctrine incompatible with the acceptance of that which seems to him to be obvious. I refrain from giving examples, because I would rather that all the various propagandists and their opponents should read the book than that some of them should be warned off it as dangerous to their faith.

Experienced teachers, in search, as usual, of the heaven-sent book to use in their classes, are not likely to complain of obviousness. They are much more likely to say that much of my matter is too difficult for beginners. But I doubt the policy of trying to teach beginners only what is easy. We must take things as they come, and if in economics, as in some other things, we find that the foundations are the most difficult part of the work, that is no reason for trying to build a superstructure without any foundations at all I hope, therefore, that the book may be round useful by academic teachers and students as well as by readers who wish to improve their capacity for dealing with practical economic problems without attendance at lectures and classes. It has, at any rate, been evolved gradually out of the annual course of lectures which I have given for first-year students at the London School of Economics since 1898, during which period I do not think a year has passed without considerable changes in the matter or the arrangement of the exposition.

Having acute sympathy with those who dislike ponderous tomes, I have tried to keep the book as short as possible. A great deal of the discussion of wages, profits, and rent which had some local importance a hundred years ago is now obsolete, and should be relegated to the works which deal with the history of theory. By omitting this and other obsolete matter, by excluding special subjects like currency and taxation, which are better considered in special treatises, and by forgoing detail and picturesque illustration, I have managed to make room for some very fundamental matters which are often ignored in general treatises of moderate length. I refer especially to the hereditary character of inequalities of income, the inferiority of women's earnings, and the differences in the wealth of different “countries” or “nations.”

EDWIN CANNAN.
Read More Show Less

Product Details

  • BN ID: 2940012488770
  • Publisher: Leila's Books
  • Publication date: 5/2/2011
  • Sold by: Barnes & Noble
  • Format: eBook
  • File size: 698 KB

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)