Excerpt from Practical Economics
The rise and rapid spread of business education which has been such a prominent feature of our modern educational system has not only resulted in a call for courses dealing with particular fields of business activity, as accounting, banking and selling, but has considerably augmented the demand for a knowledge of the gen eral theory of business as treated in the science of economics.
From long association with business men as well as from the teaching and discussion of economics with students drawn largely from the ranks of practical men of affairs, I have been impressed with the insistent demand for a simpler and more concrete state ment of economic theory than is usually found in the standard works.
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