Professor Fetter's Economic Principles

The second half of a two-volume treatise on economics, Economic Principles deals with the principles of economics. The author is one of the great American economists, whose contributions to economic literature have been notable. While not universally accepted, his work has generally been met with respectful and sympathetic attention.

Professor Fetter occupies a distinguished place as a thinker, writer, and university teacher. He has also served as President of the American Economic Association. Few are better qualified to prepare a comprehensive treatise on economics.

This volume is the second part of a work that revises Professor Fetter's Principles of Economics, published as a single volume. The treatment of the principles of value and distribution in volume I differs materially from the earlier text, reflecting the developments in the field since its publication. The second volume, therefore, represents more than a mere revision; it is an essentially new contribution.

Considering the variety of economic problems discussed, it is extraordinary that Professor Fetter has managed to condense his treatment into a relatively small book. His success is due to his method of treatment: he emphasizes essential facts and principles rather than an encyclopedic description of all elements involved. He suggests solutions based on sound analysis and practical considerations.

As a writer, Professor Fetter is distinguished by his nicety and clearness of expression, as well as his delicacy of touch and humor, marking him as a writer of the first class.