An Essay on the Production of Wealth (Classic Reprint): With an Appendix, in Which the Principles of Political Economy Are Applied to the Actual Circumstances of This Country - Softcover

R. Torrens

 
9781330427262: An Essay on the Production of Wealth (Classic Reprint): With an Appendix, in Which the Principles of Political Economy Are Applied to the Actual Circumstances of This Country

Synopsis

Unlock the engine of wealth and growth. This classic work explains how production, trade, and capital interact to raise living standards. It shows how improvements in roads, navigation, and business methods lower costs, expand farming and manufacturing, and widen the reach of markets.

In clear terms, it argues that home trade powers all other industries, keeping people employed and goods affordable. It also explores how large-scale commerce can help farmers and small producers by freeing up capital for productive use, while detailing the forces that push interest and profits into new balance during periods of glut or recession.

What you’ll encounter
- A practical look at how different kinds of capital (agricultural, mercantile, manufacturing) connect to overall prosperity
- Explanations of how transport, exchange, and money as a medium of exchange influence prices and production
- Discussion of the home, colonial, and foreign trades, and their impact on national wealth
- Scenarios and intuition for how shifts in demand, prices, and interest affect investment and industry

Ideal for readers of economic history and those curious about the mechanics behind wealth creation, this edition makes accessible the ideas that shaped early debates on production and trade.

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