A History of Political Economy

A History of Political Economy

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A History of Political Economy

A History of Political Economy

Read FREE!

Excerpt

It is with great pleasure that I embrace the opportunity afforded me by the publishers of Dr. Ingram's History of Political Economy to commend the book to the attention of the American public. Dr. Ingram needs no introduction to our students of economics. His work in the Encyclopædia Britannica has attracted marked attention wherever earnest thinkers are studying the social and economic problems of our time, whether in Europe or America. The present treatise deserves especial notice, as the first serious attempt by a properly qualified English writer to present a view of the progress of economic thought. The works of M'Culloch and Twiss on the same subject were of value only because there was nothing else on the same topic. They testify eloquently to the exceedingly primitive state of the history of economic thought and policy which existed in their day. The work of Blanqui, recently translated into English, is rather a history of economic systems (and a poor one even as such) than of economic theories and doctrines. Up to the time of the appearance of the nineteenth volume of the Encyclopædia Britannica there was no essay on the subject in English which could be considered a very valuable one. We now have a treatise which will compare favourably with any work of similar compass in any other language.

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