Principles of Political EconomyPerry, Arthur Latham
General
Principles of Political Economy
Perry, Arthur Latham
Economics
Organizing strictly all the matter of my book along these two lines of
Personality and Reciprocity, notwithstanding much in it that was
crude and more that was redundant and something that was ill-reasoned
and unsound, the book made on account of this original mode of
treatment an immediate impression upon the public, particularly upon
teachers and pupils; new streaks of light could not but be cast from
these new points of view, upon such topics especially as Land and
Money and Foreign Trade; and nothing is likely ever to rob the author
of the satisfaction, which he is willing to share with the public, of
having contributed something of importance both in substance and in
feature to the permanent up-building of that Science, which comes
closer, it may be, to the homes and happiness and progress of the
People, than any other science. And let it be said in passing, that
there is one consideration well-fitted to stimulate and to reward each
patient and competent scientific inquirer, no matter what that science
may be in which he labors, namely, this: Any just generalization, made
and fortified inductively, is put thereby beyond hazard of essential
change for all time; for this best of reasons, that God has
constructed the World and Men on everlasting lines of Order.
As successive editions of this first book were called for, and as its
many defects were brought out into the light through teaching my own
classes from it year after year, occasion was taken to revise it and
amend it and in large parts to rewrite it again and again; until, in
1883, and for the eighteenth edition, it was recast from bottom up for
wholly new plates, and a riper title was ventured upon,--"Political
Economy,"--instead of the original more tentative "Elements." Since
then have been weeded out the slight typographical and other minute
errors, and the book stands now in its ultimate shape.
Public-domain text, read in full here on John Shaqi.
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