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'Lucidly written, comprehensive in coverage, based on expert understanding and insight.' --Noam Chomsky
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1888 edition. Excerpt: ... PREFACE Dear Reader--I venture to discard the more stately forms of prcfaco which alone are considered suitable for a serious work, and to address a few words of direct appeal to yon. An enthusiastic but candid friend, to whom I showed these pages in proof, dwelt in glowing terms on tho pleasure and profit that my reader would derive from them, "if only ho survived the first cold plunge into 'functions.'" Another equally candid friend to whom I reported the remark exclaimed, "Survive it indeed! Why, what on earth is to induce him to take it?" Much counsel was offered me as to tho best method of inducing him to take this "cold plunge," tho substanco of which counsel may be found at the beginning of the poems of Lucretius and Tasso, who have given such exquisite expression to the theory of "sugaring tho pill" which their works illustrate. But I am no Lucretius, and have no power, even had I the desire to disguise the fact that a firm grasp of the elementary truths of Political Economy cannot bo got without the same kind of severe and sustained mental application which is necessary in all other serious studies. At the same time I am awaro that forty pages of almost unbroken mathematies may seem to many readers a most unnecessary introduction to Economies, and it is impossible that the beginner should see their bearing upon the subject until he has mastered and applied them. Some impatience, therefore, may naturally be expected. To remove this impatience, I can but express my own profound conviction that the beginner who has mastered this mathematical introduction will have solved, before he knows that he has even met them, some of the most crucial problems of Political Economy on which the foremost Economists have disputed unavailingly for...
Dear ReaderI venture to discard the more stately forms of preface which alone are considered suitable for a serious work, and to address a few words of direct appeal to you.An enthusiastic but candid friend, to whom showed these pages in proof, dwelt in glowing terms on the pleasure and pro t that my reader would derive from them, \if only he survived the first cold plunge into `functions.' " Another equally candid friend to whom I reported the remark exclaimed, \Survive it indeed! Why, what on earth is to induce him to take it?"Much counsel was offered me as to the best method of inducing him to take this \cold plunge," the substance of which counsel may be found at the beginning of the poems of Lucretius and Tasso, who have given such exquisite expression to the theory of \sugaring the pill" which their works illustrate. But I am no Lucretius, and have no power, even had I the desire to disguise the fact that a firm grasp of the elementary truths of Political Economy cannot be got without the same kind of severe and sustained mental application which is necessary in all other serious studies.At the same time I am aware that forty pages of almost unbroken mathematics may seem to many readers a most unnecessary introduction to Economics, and it is impossible that the beginner should see their bearing upon the subject until he has mastered and applied them. Some impatience, therefore, may naturally be expected. To remove this impatience, I can but express my own profound conviction that the beginner who has mastered this mathematical introduction will have solved, before he knows that he has even met them, some of the most crucial problems of Political Economy on which the foremost Economists have disputed unavailingly for generations for lack of applying the mathematical method. A glance at the \Index of Illustrations" will show that my object is to bring Economics down from the clouds and make the study throw light on our daily doings and experiences, as well as on the great commercial and industrial machinery of the world. But in order to get this light some mathematical knowledge is needed, which it would be difficult to pick out of the standard treatises as it is wanted. This knowledge I have tried to collect and render accessible to those who dropped their mathematics when they left school, but are still willing to take the trouble to master a plain statement, even if it involves the use of mathematical symbols. The portions of the book printed in the smaller type should be omitted on a first reading. They generally deal either with difficult portions of the subject that are best postponed till the reader has some idea of the general drift of what he is doing, or else with objections that will probably not present themselves at first, and are better not dealt with till they rise naturally.The student is strongly recommended to consult the Summary of Definitions and Propositions on pp. 142{144 at frequent intervals while reading the text.P. H. W.
This revised edition of ABCs is a lively and accessible introduction to modern political economy. Informed by the work of Marx, Veblen, Kalecki, Robinson, Minsky and other great political economists, Robin Hahnel provides the essential tools needed to understand economic issues today. Dispelling myths about financial liberalisation, fiscal austerity, globalisation and free markets, the ABCs offers a critical perspective on our present system and outlines clear alternatives for the future. This second edition applies the analytical tools developed to help readers understand the origins of the financial crisis of 2007, the ensuing 'Great Recession,' and why government policies in Europe and North America over the past six years have failed to improve matters for the majority of their citizens. The second edition also helps explain what is causing climate change and what will be required if it is to be resolved effectively and fairly.
The ABCs of Political Economy empowers people who are often dissatified with today`s economics but are often intimidated by conventional economic analysis.