Excerpt from Political Economy This work has been abridged from the third edition of my Manual of Political Economy, published in 1883. The object in view has been to present a text-book adapted to use in Colleges and Academies where but one Term is devoted to the study of Political Economy. The work of abridgment has been effected mainly through excision, although some structural changes have been made, notably in the parts relating to Distribution and Consumption. To teachers who may have occasion to use this Manual with their classes, I venture to suggest a frequent refer ence to my work on wages, published in 1876, in which will be found an extended discussion of many points relating to the production and distribution of wealth, which it has been necessary to treat here with painful conciseness. 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.