Excerpt from Elements of Economics: With Special Reference to American Conditions, for the Use of High Schools This simplicity manifests itself chiefly in two directions. In the first place, emphasis has been laid upon the con crete and descriptive side of economics. Great attention, therefore, has been paid to the subject of the production of wealth, and much material of an industrial character has been added. In the second place, each chapter is preceded by an outline of its contents and followed by a series of questions which bear on the general topic of the chapter. In those schools where only a very limited amount of time can be devoted to the study of economics, it will be found possible to omit or summarize certain parts of the book according to the special needs of the students, or the particular inclination of the teacher. To those who have come under the inspiring influence of Professor Simon N. Patten, it is almost superfluous to acknowledge here the debt of obligation embodied in this work. 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.