Unquestionably the best living writer on Political Economy.”—Prof. BowEN.

THAT there has heretofore been no American edition of a work held in such high estimation may, perhaps, be owing in part to the fact that since its publication our politics have hinged on an engrossing question, which belongs rather to the domain of humanitarian philosophy than to that of political economy, and partly to the facility with which a European work not requiring translation can be supplied to American readers from the original publishers. The present state of our currency goes far to remove both of these obstacles to the success of an American edition. The most important economic discussions which have ever taken place in Great Britain grew out of the condition into which that country was brought by its protracted struggle against Napoleon. Our politics are likely to pass through a similar phase, in which we shall need all the light shed upon economic questions by the most advanced science.

In the whole range of extant authorship on political economy, there is no writer except Adam Smith with whom John Stuart Mill can, without injustice, be compared. In originality, Adam Smith, as being the acknowledged father of the science, takes the precedence, as he does also in exuberance of apt illustration. But in rectitude of understanding, clearness, and sagacity, Mill is fully his peer; in precision of method, range of topics, and adaptation to the present state of society, he is altogether his superior. The Wealth of Nations" now belongs, indeed, rather to the history of the science than to its exposition. But the "Principles of Political Economy" is an orderly, symmetrical, and lucid exposition of the science in its present advanced state. In extent of information, breadth of treatment, pertinence of fresh illustration, and accommodation to the present wants of the statesman, the merchant, and the social philosopher, this work is unrivaled. It is written in a luminous and smooth, yet clear-cut style; and there is diffused over it a soft atmosphere of feeling, derived from the author's unaffected humanity and enlightened interest in the welfare of the masses.

D. APPLETON & CO., Publishers, 1, 3, & 5 Bond St., New York.

THE

ELEMENTS OF ECONOMICS.

By HENRY DUNNING MACLEOD, M. A., Of Trinity College, Cambridge; Lecturer on Political Economy in the University of Cambridge.

IN TWO VOLUMES. VOLUME I.

12MO, CLOTH. PRICE, $1.75.

"Mr. Macleod's works on economic science have one great merit, they belong to the class of books that assist inquiry by setting their readers thinking. The views they set forth are not only often valuable in themselves, but they are the generative cause of ideas which may also be valuable in their readers. His books, moreover, are written in the proper way. The subject is divided carefully in accordance with the opinions held by the author; all classifications when made are adhered to, and the descriptions and definitions adopted are admirable from his point of view, and in some cases from a wider stand-point."-The Stilist.

"The author attempts to establish an exact science of economics on a mathematical basis -to establish a new inductive science'; and he presents what he calls a new body of phenomena brought under the dominion of mathematics." "-New York World.

"Mr. Macleod holds that 'there is at the present moment throughout Europe and America a general reaction and uprising against the school of political economy which was founded by Adam Smith and closed with John Stuart Mill.' They dealt with what he describes as 'the destructive portion of their science,' and belonged to the school which regarded the establishment of free trade as the end-all and be-all of political economy.' Mr. Macleod declares that 'nothing can be more erroneous' than this view. What he elaborates in this work is what he describes as the constructive or positive science of economics, which deals with questions of credit, banking, and foreign exchanges. On these intricate and difficult questions the work before us treats with singular clearness and ability.”—Montreal Gazette.

"Readers who have been deterred from the study of political economy under an impression that it is a 'dismal science,' and a science very uncertain in its methods as well as in its facts, will find in this scholarly treatise abundant reasons for revising their opinions under both of these heads, for the breath of a classical culture moves over its every page, quickening the driest facts with some measure of Mr. Macleod's fervid enthusiasm in favor of his chosen study." -New York Critic.

grasp.

"The author, in the beginning, very properly calls attention to the fact that the science of political economy is, in our time, undergoing a great transformation. The mighty science of economics widened out in the last century, till it seemed to draw every other science into its Professor Macleod says: "The fact is that the political economy of Adam Smith, Ricardo, and Mill is now exhausted. It is a caput mortuum, from which no further good can be extracted. It is wholly incapable of grasping the great economic problems of the present day -credit, banking, and the foreign exchanges. In fact, this school of economists has abandoned all these questions in hopeless despair.' At the same time he gives due credit to the 'great, glorious, and immortal services' of these distinguished writers of the times when the science of commerce was in its infancy. Our political economy is to be reconstructed, according to this writer, and it is to be called no longer by the good old familiar name. Henceforth it is to be economic science, or economics' for short."-Cincinnati Commercial.

"Macleod is best known by his work on 'Banking. It has gone through several editions, and holds its place more firmly than ever, perhaps, in the economic literature of the period. The present work is historical, critical, and constructive. It unites much historical learning with keen critical analysis and no little constructive power."-Banker's Magazine (New York).

"Deserving of study and thorough examination.”—Boston Post.

For sale by all booksellers; or sent by mail, post-paid, on receipt of price.

New York: D. APPLETON & CO., 1, 3, & 5 Bond Street.

For sale by all booksellers; or sent by mail, post-paid, on receipt of price.

New York: D. APPLETON & CO., 1, 3, & 5 Bond Street.

I.

The Life and Writings of Henry Thomas Buckle.

By ALFRED HENRY HUTH. 12mo. Cloth.

"The book deals with Mr. Buckle less as a philosopher than as a man. . . . Mr. Huth has done his part well and thoroughly."-Saturday Review.

"Mr. Huth has produced a striking and distinct portrait out of his slight materials, and he has done his work with a simplicity and modesty which are highly effective."-Pall Mall Gazette.

"This work, we think, will revolutionize popular opinion about the philosopher."-London Daily News.

"Buckle was a man whose story must excite interest and rouse sympathy."-Scotsman.

II.

History of Civilization in England.

2 vols., 8vo. Cloth, $4.00; half calf, extra, $8.00.

"Whoever misses reading this book will miss reading what is, in various respects, to the best of our judgment and experience, the most remarkable book of the day-one, indeed, that no thoughtful, inquiring mind would miss reading for a good deal. Let the reader be as adverse as he may be to the writer's philosophy, let him be as devoted to the obstructive as Mr. Buckle is to the progress party, let him be as orthodox in church creed as the other is heterodox, as dogmatic as the author is skeptical-let him, in short, find his prejudices shocked at every turn of the argument, and all his prepossessions whistled down the wind-still, there is so much in this extraordinary volume to stimulate reflection and excite to inquiry, and provoke to earnest investigation, perhaps (to this or that reader) on a track hitherto untrodden, and across the virgin soil of untilled fields, fresh woods and pastures new, that we may fairly defy the most hostile spirit, the most mistrustful and least sympathetic, to read it through without being glad of having done so, or, having begun it, or even glanced at almost any one of its pages, to pass away unread."-London Times.

"We have read Mr. Buckle's volumes with the deepest interest. We owe him a profound debt of gratitude. Ilis influence on the thought of the present age can not but be enormous, and if he gives us no more than we already have in the two volumes of the magnus opus, he will still be classed among the fathers and founders of the Science of His. tory."-New York Times.

Singularly acute, possessed of rare analytical power, imaginative but not fanciful, unwearied in research, and gifted with wonderful talent in arranging and molding his material, the author is as fascinating as he is learned. His erudition is immense-so immense as not to be cumbersome. It is the result of a long and steady growth-a part of himself."-Boston Journal.

Essays.

III.

With a Biography of the Author. Portrait. 12mo. Cloth, $1.00; half calf, extra, $2.50.

D. APPLETON & CO., Publishers, 1, 3, & 5 Bond Street, New York.