Elementary Principles of Economics (Classic Reprint): Together With a Short Sketch of Economic History: Together with a Short Sketch of Economic History (Classic Reprint) - Softcover

Richard T. Ely

Softcover

ISBN 10: 1330461010 ISBN 13: 9781330461013

Publisher: Forgotten Books, 2018

Synopsis

Clear, beginner‑friendly economics from a trusted classic. This introduction explains what economics is and how it fits among the social sciences, with a focus on how people get and use wealth in a society.

Economics is presented as a practical, teachable guide to the wealth‑getting and wealth‑using parts of human life. The book outlines fundamental ideas, shows how economic life connects with money, production, exchange, and government, and frames the subject for teachers and students alike. It also includes aims, scope, and notes on using the material effectively in class.

• Foundational ideas about what economics studies and why it matters to everyday life


• How money functions as a medium of exchange, a measure of value, a standard of deferred payments, and a store of value


• Introduction to production, distribution, and trade, including early history and the evolution of economic thought


• Guidance on how to approach the material in a classroom setting, with appendixes and study aids

Ideal for readers beginning a study of economics or seeking a historically informed overview of the subject.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 1330461010
• ISBN 13: 9781330461013
• Binding: Paperback
• Number of pages: 406