To my father, who gave up a successful career in business and found his passion teaching finance. Norton & Company Ltd., Castle House, 75/76 Wells Street, London W1T 3QT 1 2 3 4 5 6 7 8 9 0
Norton & Company, Inc., 500 Fifth Avenue, New York, NY 10110-0017 W. Editor: Jack Repcheck Developmental Editor: Rebecca Kohn Manuscript Editor: Alice Vigliani Project Editor: Jack Borrebach Media Editor: Cassie del Pilar Associate Media Editors: Nicole Sawa, Carson Russell Assistant Editor: Hannah Bachman Marketing Manager, Economics: John Kresse Production Manager: Eric Pier-Hocking Photo Editor: Nelson Colón Photo Researcher: Dena Digilio Betz Permissions Manager: Megan Jackson Text Design: Lisa Buckley Art Director: Rubina Yeh Cover Design and “Snapshot” Infographics: Kiss Me I’m Polish Composition: Jouve Manufacturing: Courier Kendallville A catalogue record is available from the Library of Congress ISBN 978-6-9 Norton & Company stands as the largest and oldest publishing house owned wholly by its employees.
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In the 1950s, the Norton family transferred control of the company to its employees, and today-with a staff of four hundred and a comparable number of trade, college, and professional titles published each year-W. By midcentury, the two major pillars of Norton’s publishing program-trade books and college texts-were firmly established.
The firm soon expanded its program beyond the Institute, publishing books by celebrated academics from America and abroad. Herter Norton first published lectures delivered at the People’s Institute, the adult education division of New York City’s Cooper Union. Norton & Company has been independent since its founding in 1923, when William Warder Norton and Mary D. Principles of Economics Dirk Mateer University of Kentucky
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