Book Description

Excerpt from Practical Economics: A Collection of Essays Respecting Certain of the Recent Economic Experiences of the United States The essays embraced in this volume - with three exceptions - were originally contributed to and published in the Atlantic Magazine, the Princeton Review, the Nation, and the N. Y. World, at different dates from 1872 to 1884. The exceptions are "The Dollar of the Fathers vs. The Dollar of the Sons," which was published privately; the essay on "The Production and Distribution of Wealth," which has heretofore been published only in the Proceedings of the American Social Science Association; and the fourth chapter of "Our Experience in Taxing Distilled Spirits," which was written specially for this volume, and has never before been printed. The chief warrant for their republication in a collected form is to be found in the circumstance that, with the exception of the final article of the series, they each illustrate a phase in the recent economic experiences of the United States, which has not as yet been discussed or related as a part of any detailed and consecutive history; an experience in which questions of the highest importance in respect to the use and issue of currency, the imposition of taxes, the collection of revenue, and the regulation of trade and commerce - all involving transactions of enormous magnitude and infinite detail - have been discussed, regulated by legal enactments, and carried to practical results, without, for the most part, any reference whatever to accepted economic principles, and often mainly under the influence of selfish and sometimes of corrupt motives and agencies. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.