Publisher's Synopsis
Excerpt from Wealth-Creation
Our author belongs to a class of writers, which, um happily, is not a numerous one, composed of men ac tively engaged in the affairs of life and thereby made daily familiar with the practical sides of exchange, barter, and monetary transactions, and yet capable of reasoning correctly on the subject matters of their occupations. Paradoxical as the remark may seem, it is nevertheless true that familiarity on a small scale with the phenomena of mercantile life is more likely to vitiate correct reason ing than to aid it. Ricardo was an example to the con trary, but between him and Mongredien, excepting N ew march, there is scarcely a great political economist of England belonging to the purely commercial class. Business men are prone to take too circumscribed an horizon to be led to universally true rules, and make therefore unsafe guides in the domains of politico-eco nomic science and statesmanship.
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