In the preparation of this text the author has endeavored to apply the
principles of economic science to some of the more important problems
of the modern industrial world, and especially those now confronting
the people of the United States. He has attempted in doing this above
all to make the text practical. The student or teacher of economics
will recognize at once that the sections are arranged into groups
corresponding with the traditional divisions of economic text-books
into production and distribution (land, capital and organization, and
labor), consumption, exchange, and the relation of the government to
the individual. It is hoped that the text may not be without profit
and interest to the general reader as well as the students of the La
Salle Extension University.