Elementary Economics With Special Reference to Social, and Business Conditions in the United States (Classic Reprint)

Excerpt from Elementary Economics With Special Reference to Social, and Business Conditions in the United States

Recent events have brought the people of the United States face to face with numerous new economic problems, many of which are likely to remain unsolved for years to come; besides, they have complicated to a marked degree those old problems which were pressing for solution at the outbreak of the Great War. In consequence, our leaders are becoming more and more convinced that increased attention should be given in our secondary schools to a serious consideration of the fundamental principles on which these problems rest.

Such a conviction is a new one in many quarters, for hitherto the notion has very generally prevailed, especially among university teachers, that no formal study of the Principles of Economics should be undertaken before the sophomore year in college. Obviously such a notion carries the implication, unconscious perhaps, that the fundamentals of Economics, even in their simplest forms, should be withheld from the great mass of young men and women engaged in industry, and restricted to the select few who are able by one means or another to become college students. Such a notion not only carries vicious implication, but it also is ill founded; for hundreds of high schools the country over prove by experience that their pupils are fully capable of grasping the elements of economic science when presented concretely and in a way to show their relationship to practical affairs.

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