Outlines of Economics
By Richard T. Ely, Ph.D., LL.D., Professor of Political Economy at the University of Wisconsin; Thomas S. Adams, Ph.D., Professor of Political Economy at Yale University; Max O. Lorenz, Associate Statistician of the Interstate Commerce Commission, and Professor A. A. Young of Cornell.
Third Revised Edition, Cloth, 8vo, $2.25
"It is a sign of the time when such a standard and authoritative book as this requires such revision for its third edition that it was not possible to use the old type. The chapters on transportation, insurance, socialism, and agriculture needed expansion to include legislation. The Federal Reserve system demanded a chapter to itself, and so did labor legislation. The statistics and references have been brought down to date, and the book in general is more useful to the teacher, and more attractive to the reader. The authors are both open-minded and conservative, not condemning new ideas for their newness nor yet accepting them for the same reason and without challenge. The book is a useful antidote to the economic poisons which command attention through their promises of the millennium, which they are less able to deliver, nevertheless, than writers like these whose imaginations and benevolence are corrected by their knowledge."—
New York Times.
"So far as the practical side of the subjects with which this volume deals is concerned, everything has been done by the authors to keep their work abreast of the times and the latest developments so that the readers and students may find there the important things of contemporary record as well as the highlights of economic history. The theoretical side of economics has not been neglected in this general revision and that chapter has been simplified and made more easily comprehensible to those first entering the study of this subject. This volume maintains the same high standard it held at the time it was first published. It is one of the best books on this subject."—
Philadelphia Press.
"Anyone who got his foundations in political economy out of the text-books of the last generation cannot fail to be struck with the enormous range of subjects covered in such a book as this, compared with what was then included; and there is always some danger that in the mind of the student this wealth of material, important as it is, may yet carry with it the drawback of more or less submerging the central truths. In Professor Ely's book, the distribution of emphasis, as well as of space, is such as to reduce this danger."—
The Nation.
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