Abstract
IT is surprising how difficult it apparently is to write a good short text-book of economics, but Mr. Penson has been eminently successful in doing so. He has fully grasped the fact that the first need for such a book is to be simple and elementary as well as short. Where possible, he rightly prefers the ordinary terms of everyday use to the technical phrases of economics. For instance, instead of production, exchange and distribution, he talks of the “source of income,” “buying and selling,” and the “individual income.” These, in my opinion, are far more intelligible to the beginner. Moreover, his definitions are nearly always both clear and adequate, those of demand and supply affording a good example.
The Economics of Everyday Life.
Part i. By T. H. Penson. Pp. xiv + 174. (Cambridge University Press, 1913.) Price 3s. net.
Article PDF
Rights and permissions
About this article
Cite this article
DEARLE, N. The Economics of Everyday Life . Nature 91, 187 (1913). https://doi.org/10.1038/091187a0
Issue Date:
DOI: https://doi.org/10.1038/091187a0