The basic facts of economics

by Louis F. Post

The Basic Facts
of Economics

A COMMON-SENSE PRIMER
FOR ADVANCED STUDENTS

By Louis F. Post

Author’s Edition

WASHINGTON, D. C.
2513 TWELFTH STREET, N. W.
1927

Price Fifty Cents

Copyright, 1927, by
Louis F. Post

PRESS OF
COLUMBIAN PRINTING CO., INC.

BINDING BY
GEO. A. SIMONDS & CO.
WASHINGTON, D. C.

Accurate Observation and Clarity of Thought
are the Prime Requisites of Economic Study

Publication Committee

Andrew P. Canning, Chairman, Chicago, Ill.

• James H. Barry,
  San Francisco, Calif.
• George A. Briggs,
  Los Angeles, Calif.
• Mrs. Edward O. Brown,
  Chicago, Ill.
• Edmund Vance Cooke,
  Cleveland, Ohio.
• Stoughton Cooley,
  Los Angeles, Calif.
• Otto Cullman,
  Chicago, Ill.
• Mrs. Anna George de Mille,
  New York City.
• James H. Dillard,
  Charlottesville, Va.
• Robert E. Graves,
  Chicago, Ill.
• Angeline Loesch Graves,
  Chicago, Ill.
• William C. Harllee,
  Washington, D. C.
• Lewis J. Johnson,
  Cambridge, Mass.
• Fenton Lawson,
  Cincinnati, Ohio.
• Wiley Wright Mills,
  Chicago, Ill.
• C. L. Moulton,
  Glen Ellyn, Ill.
• Jackson H. Ralston,
  Palo Alto, Calif.
• Walter I. Swanton,
  Washington, D. C.
• Edward N. Vallandigham,
  Chestnut Hill, Mass.
• John Z. White,
  Chicago, Ill.