The Economics of Everyday Life. A First Book of 

 Economic Study. Part I. By T. H. Penson, M.A., 

 Lecturer in Modern History and Economics at Pembroke 

 College, Oxford. 



Large Crown 8vo. pp. xiv+176. Price y. net. 



Extract from the Preface 



Political Economy, or as it is more generally called at the 

 present day, Economics, is a subject which has hitherto found 



very little place in a general education As a matter of 



fact, however, the subject is an intensely practical one ; it 

 deals with problems of everyday life, and everyone can find 

 abundant material for observation and comparison in his own 

 home and in his own surroundings. Moreover it is being 

 increasingly recognised that for the proper discharge of the 

 duties of citizenship some knowledge of Economics is abso- 

 lutely essential. Great social and economic problems are 

 constantly needing solution, and those who are called Upon 

 to assist in that solution by supporting or opposing any par- 

 ticular measure or line of action should have a sufficient 

 understandine of economic cause and effect to be able to act 

 with judgment and conviction. The foundation of such 

 economic study may well be laid during the period of school 

 life, but for this a text-book is necessary in which the essential 

 features of the subject are simply described and clearly ex- 

 plained. An introductory book of this kind is besides often 

 felt to be a necessity even by those of more mature years, 

 social workers and others, who are taking up the subject for 

 the first time. The present work is an attempt to supply 

 both needs. 



Part I contains two introductory chapters, and deals with 

 Production, Exchange and Distribution. Part II will deal 

 with Consumption, Taxation, and Trade Unions and Co- 

 operative Societies. 



Morning Post. — It is becoming daily more clearly recognized that some 

 knowledge of economics is essential for every citizen, and that we need 

 books in which the treatment is not too difficult or too far removed from 

 the ordinary experience of the young student. The present small volume 

 is an admirable book of this kind. It is clear, concise, and practical in 

 its methods and illustrations, and it is strictly elementary in its character. 

 All schoolmasters ought at least to see and consider it. 



