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POLITICAL ECONOMY

FOR

HIGH SCHOOLS AND ACADEMIES.

BY

ROBERT ELLIS THOMPSON, A.M., S.T.D.,

President of the Central High School, Philadelphia.

GINN & COMPANY
BOSTON · NEW YORK · CHICAGO · LONDON

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PREFACE.

This work is the result of twenty-five years of experience in teaching the subject in the University of Pennsylvania, in the Ogontz School for Young Ladies, in the Central High School of Philadelphia, and in University Extension courses delivered in Philadelphia and the adjacent towns and cities. In this prolonged practice I have aimed at acquiring clearness and conciseness, without coming down to twaddle and commonplace. My experience at Ogontz has been of especial value to me in this respect, as it was there that I learned to adjust teaching to the understanding of younger students, without insulting their intelligence by "talking down” to them. That lesson I found just as useful in addressing the more miscellaneous audiences, young and old, trained and untrained, which University Extension work brings together.

The book presents the views of Political Economy which are held by the American or National School of List and Carey. I leave it to be judged whether these or the rival doctrines of the English or Orthodox School — whether as originally taught, or as modified by what is called the Historical School—are most in harmony with the experience of mankind and the needs of our own country. In treating

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