Excerpt from Introduction to Economics This book is an outgrowth of classroom discussions. It contains in substance the talks on economics which have been made, for the past eleven years, to my Classes in Cornell and New York Universities. NO apology is offered for the fact that this volume is limited to a discussion of principles. Even the concluding chapters on corporations are designed to exemplify princi ples. The time has long since passed when a single volume can treat exhaustively the whole field of economics. I shall be more than content if this work justifies the scope indicated for it in the title - Introduction to Economics. Designed as an introduction, this book will serve as a means to the end of a more intelligent study of economic questions. It does not dispense with the necessity of read ing the many excellent treatises devoted to the different phases of economics; rather it distinctly calls for such read ings. It merely prepares the mind of the student for the thought contained in the more advanced and specialized works on the subject and the practical applications they reveal. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.