Essentials of Economics文档.doc

Essentials of Economics Essentials of EconomicsA BRIEF SURVEY OF PRINCIPLES AND POLICIESbyFAUSTINO BALLVETranslated from the Spanish and Edited byARTHUR GODDARDD. VAN NOSTRAND COMPANY, INC.PRINCETON, NEW JERSEYTORONTOLONDONNEW YORK D. VAN NOSTRAND COMPANY, INC.120 Alexander St., Princeton, New Jersey (Principal office)24 West 40 Street, New York 18, New YorkD. VAN NOSTRAND COMPANY (Canada), LTD.358, Kensington High Street, London, W.14, EnglandD. VAN NOSTRAND COMPANY, LTD.25 Hollinger Road, Toronto 16, CanadaCopyright, #039; 1963 byWILLIAM VOLKER FUNDPublished simultaneously in Canada byD. VAN NOSTRAND COMPANY (Canada), LTD.No reproduction in any form of this book, in whole or inpart (except for brief quotation in critical articles or reviews),may be made without written authorization from the publishers.1st edition, Mexico, 1956 10,000 copies2nd edition, Mexico, 1961 5,000 copies3rd edition, Mexico, 1961 5,000 copiesFrench translation, Paris, Samp;Iif, 1957Spanish editions in Buenos Aires and Guatemalaand in preparation in ColombiaTranslations in preparation in Germany, Brazil,and JapanPRINTED IN THE UNITED STATES OF AMERICA ForewordFaustino Ballve* was one of those rare scholars who in-stinctively avoid the pitfalls of specialization; who have the giftof integrating the divisions of learning simply, yet without over-simplification. This was the talent that gave the leaders of theRenaissance their stature. Of Professor Ballve it could be said,as in the characterization that gives a contemporary play aboutSir Thomas More its title, that he was indeed ;a Man for AllSeasons.;Like Erasmus before him, Professor Ballve spoke not for anynarrow, nationalistic culture, but for the spirit of Western Civili-zation as a whole. Born in Barcelona, in 1887, he trained firstas a lawyer, took his doctorate in Madrid, and then proceededfor further study first to Berlin and then to London. It was inEngland that, with a seasoned juristic background, he first spe-cialized in the study