OUTLINES OF ECONOMICS

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THE MACMILLAN COMPANY
NEW YORK BOSTON CHICAGO
SAN FRANCISCO

MACMILLAN & CO., LIMITED

LONDON. BOMBAY . CALCUTTA
MELBOURNE

THE MACMILLAN CO. OF CANADA, LTD.

TORONTO

(REVISED EDITION)

By dore

The

RICHARD T. ELY, PH.D., LL.D.

PROFESSOR OF POLITICAL ECONOMY IN THE UNIVERSITY OF WISCONSIN

REVISED AND ENLARGED BY

THE AUTHOR

AND

THOMAS S. ADAMS, PH.D.

PROFESSOR OF POLITICAL ECONOMY IN THE UNIVERSITY

OF WISCONSIN

MAX O. LORENZ, PH.D.

ASSISTANT PROFESSOR OF POLITICAL ECONOMY IN THE UNIVERSITY
OF WISCONSIN; DEPUTY COMMISSIONER IN THE WISCONSIN
BUREAU OF LABOR AND INDUSTRIAL STATISTICS

ALLYN A. YOUNG, PH.D.

PROFESSOR OF ECONOMICS IN LELAND STANFORD JUNIOR
UNIVERSITY

New York

THE MACMILLAN COMPANY

1912

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