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Economic principles, an introductory study (1904) by Alfred William Flux

Economic principles, an introductory study 

Economic principles, an introductory study


This volume contains hardly any references to the writers who have built up the theories of economics and given them the form which renders them useful in understanding modern economic facts. In omitting these references, my desire has been, not merely to avoid introducing controversies which can only interest students more advanced than those for whom I wrote, but also to retain a freedom of expression which I must have denied myself had I assigned each point of doctrine to those who first, or most clearly, gave it expression. 

I should like to express my indebtedness to many recent writers, and, if I have given an interpretation of them, here and there, some- what different from their own, I trust that I have not lost the essence of their doctrines, so far as I am able to accept them.

 No Cambridge student of economics in recent years can fail to have gained inspiration from contact with Professor Marshall, and the writer is conscious of a very special obligation to the teacher to whom he owes his chief guidance in economic study. As with others, so especially in this case, the acknow- ledgment of inspiration carries with it no attempt to place a burden of responsibility for either the form or the substance of what is written here.

The text contains no explicit reference to the mathematical apparatus which has rendered eminent service in economics, especially in recent years. Some of the simpler applications of algebraic symbols and geometrical diagrams to economic problems are presented in an appendix

. Those to whom these forms of expression tend rather to confuse than to clarify the reasoning which they embody, may thus readily spare themselves this confusion; while those to whom these symbols are familiar and helpful will not be deprived of the aid to the precision of conception and of argument which can hardly be afforded in equal degree by any other means. Readers who desire to pursue something more than an introductory course of economic study will find a few references to the more accessible works in the English language in the table of contents.
Sir Alfred William Flux CB was a British economist and statistician. Flux was born in the Landport district of Portsmouth in 1867, the son of a cement maker. He attended Portsmouth Grammar School then studied mathematics at St John's College, Cambridge where he was a Senior Wrangler in 1887.

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