OF POLITICAL ECONOMY EDITED BY HENRY HIGGS, C.B. Omnia mutantur: nihil interit. VOL. II. F-M MACMILLAN AND CO., LIMITED ST. MARTIN'S STREET, LONDON 1925 PREFACE In this edition pages 1 to 843 have been printed with few modifications from the original stereotyped plates. In some cases old matter has been cut out and replaced by words occupying the same space in order to preserve the alphabetical arrangement of the articles and the pagination. To reset the type of this part of the Dictionary in present circumstances would have necessitated a prohibitive price for the volume. Additional articles and continuations of original articles have been included in an Appendix. When an asterisk is added to a title it indicates that the article is in two parts, one in the earlier portion of the Dictionary and one in the Appendix. The reader will not, it is hoped, find serious inconvenience in this separation. More than thirty years have elapsed since the Dictionary was first prepared. Many eminent contributors to the first edition have passed away, but their articles, little affected by the lapse of time, have been generally allowed to remain in their original form as contributions of permanent historical value. In the opinion of the present editor a compendium of this character should aim at permanent service. It cannot with advantage discharge the function of supplying the latest statistics of population, finance, imports, exports, etc. For such information the student will naturally turn to annual publications like the Statesman's Year-Book or the Statistical Abstract or other periodical works of reference. Articles upon legal topics only remotely connected with economics (e.g. "Lunacy, Law of ") have not been revised or expanded. They could not be omitted from the earlier pages for the reason already stated, but the latest state of the law upon such matters must be sought elsewhere. Biographical notices of deceased economists, economic history, definitions and discussions of economic terms and categories, the development of economic thought, lists of economic literature are the staple of a Dictionary of Political Economy. Such information may need additions by successive revisions of the Appendix, but does not become obsolete. July 1923. HENRY HIGGS. 79197 |