UNDER THE DIRECTION OF THE LATE
PROFESSOR WILLIAM SMART

BY
R. RICHARDS B.A.
LECTURER IN THE UNIVERSITY COLLEGE OF
NORTH WALES

D. C. HEATH AND COMPANY
BOSTON NEW YORK CHICAGO
DALLAS ATLANTA LONDON SAN FRANCISCO

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Printed in Great Britain at The Ballantyne Press by
Spottiswoode, Ballantyne & Co. Ltd.
Colchester, London & Eton


PREFATORY NOTE

Gide’s Principles of Political Economy, of which there are several translations, is probably better known to English students than any similar work of foreign origin on the subject, and many readers of that book will welcome an opportunity of perusing this volume which Professor Gide has produced in collaboration with Professor Rist.