The Principles of Economics, with Applications to Practical Problems

by Frank A. Fetter

Chapter 1. The Nature and Purpose of Political Economy

1. Has political economy anything to do with woman suffrage, the liquor problem, a republican vs. a monarchical form of government, the silver question?

2. Is political economy a study of things or of men?

3. Shall a piece of coal be studied in geology, botany, physics, chemistry, or economics?

4. Do you expect to acquire wealth more easily as a result of the study of political economy?

5. Of what practical use do you think political economy is?

6. Is political economy necessary to the understanding of the business world, or vice versa?

7. How wide a knowledge would a complete understanding of industrial society require?

8. Did the discovery of America make the study of political economy more important?