Excerpt from Suggested Problems for Teachers for Use With Elementary Principles of Economics The words "Elementary Principles' in the title of this book indicate the limits of its scope; the book is intended to be elementary, not advanced, and concerns itself with economic principles, not their applications. First, being elementary, it does not attempt to unravel the most difficult tangles, of economic theory or to introduce controversial matter... Secondly, being devoted to principles, the book is confined to that part or aspect of economics which is now coming to be recognized as capable of scientific treatment in the sense, for instance, in which that term may be applied to physics or biology... The aim of this book is to formulate some of the fundamental principles relating to economics... It takes due account of those ideas with which the student's mind is already furnished, and builds on and transforms these ideas in a manner adapted to the mind containing them. This is especially needful where the ideas arc apt to be fallacious. The economic ideas most familiar to those first approaching the study of economics concern money, - personal pocket money and bank accounts household expenses and income, the fortunes of the rich. Moreover, these ideas are largely fallacious. Therefore, the subject of money is introduced early in the book and recurred to continually as each new branch of the study is unfolded. For the same reason considerable attention in given to cash accounting, and to those fundamental but neglected principles of economics which underlie accounting in general. Every student at first is a natural "mercantilist," and every teacher has to cope eventually with the prejudices and misconceptions which result from this fact. Yet no textbook has apparently attempted to meet these difficulties at the point where they arc first encountered, which is at the beginning. 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.