THE ELEMENTS OF POLITICAL ECONOMY

Francis WaylandClassic Reprints No. 119Vance PublicationsThe Francis Wayland Institute

Reprinted 2006 by Vance PublicationsClassic Reprints, an imprint of Vance Publications, reprints old and rare books and journalarticles that are considered profitable for scholarly research. Most of the works selectedfor reprint are from the nineteenth century, and have therefore been out of print for manyyears. All books and articles are digitally reproduced “as is”—nothing has been altered orupdated.The reader should note, however, that the quality of the finished copy ultimately dependson the quality of the original, which in some cases is a well-worn book or journal or amicrofilm copy of the same.The opinions expressed by each individual author are not necessarily those of VancePublications.New titles are continually being added. Please contact Vance Publications for a completelist.Published and Distributed by: Vance PublicationsP.O. Box 11781, Pensacola, FL 32524Phone: 850-937-1970E-mail: vancepub@vancepublications.comWebsite: www.vancepublications.com

Publisher’s Note

This edition of Francis Wayland’s

The Elements of Political Economy

is an exactreproduction of the fourth and last edition of 1841. Although the type has beencompletely reset (except for the table of contents), this edition corresponds page-for-page with the original work. Wayland’s original spelling has been retained. Nothinghas been altered in any way except that the spaces originally inserted before periods,colons, semicolons, and dashes have been eliminated, as have the periods thatappeared after titles, subtitles, and headings.A hardcover printed edition of this book is available from Vance Publications for$45 (postage paid). See the complete list of available Classic Reprints following theonline edition of this book.The Francis Wayland Institute exists for the purpose of propagating and defendingthe ideals of Christianity, liberty, property, peace, free markets, limited government,and sound money. It is not a Bible institute, a college, a seminary, a correspondenceschool, or a school of any kind. The Francis Wayland Institute is a think tank in theintellectual tradition of the nineteenth-century Baptist minister Francis Wayland(1796-1865). The Institute is dedicated to making available online and printedmaterials that uphold the ideals of Christianity, liberty, property, peace, free markets,limited government, and sound money. Visit the Francis Wayland Institute atwww.franciswayland.org.