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The Principles of Political Economy (Classic Reprint): With a Sketch of the Rise and Progress of the Science: With a Sketch of the Rise and Progress of the Science (Classic Reprint) - Softcover
Synopsis
Foundations of political economy: learn how value, labor, and demand shape wealth.
This classic work outlines what political economy studies and why it matters. It explains the difference between what a thing is used for (utility) and what it can exchange for (value in exchange). The text shows how exchangeable value depends on labor and social demand, and it frames how real value is determined by the quantity of labor involved in production. It also surveys the rise and progress of the science in modern Europe and introduces key ideas that influenced later thinkers.
Delving into the production and distribution of wealth, the book traces how different kinds of industry relate to wages, profits, and capital. It discusses how government spending, security, and information affect national prosperity, and it argues for policies that support freedom and prudent public expenditure.
- Distinguishes value in exchange from utility in use, clarifying common confusions.
- Explains how demand and labor determine real value and exchangeable value.
- Offers a historical view of the rise of political economy in Europe.
- Addresses the links between private interests, public policy, and national wealth.
Ideal for readers new to the field or studying the history of economic thought, as well as anyone curious about how early concepts shaped modern policy.
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Product Description
Excerpt from The Principles of Political Economy: With a Sketch of the Rise and Progress of the Science Definition of the Science - Its Importance - Causes of its being neglected in Greece and Rome, and it Middle Ages - Evidence on which its Conclusions are founded - Rise of the Science in Modern Europe - Mercantile System - System of M. Quesnay and the French Economists - Publication of the "Wealth of Nations" - Distinction between Politics and Statistics and Political Economy. Political Economy it the science of the laws which regulate the production, distribution, and consumption of those articles or products which have exchangeable value, and are either necessary, useful, or agreeable to man. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
"About this title" may belong to another edition of this title.
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The Principles of Political Economy (Classic Reprint)
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Paperback. Condition: New. Print on Demand. Political Economy discusses the production, distribution, and consumption of items with exchangeable value and utility. The author examines how economics gradually developed throughout the world, beginning with ancient Greece and Rome and comparing it to the Middle Ages. Political Economy became its own field of study later than many other sciences due to its specialized vocabulary, complex ideas, and slow societal shift toward valuing the accumulation of personal wealth. Despite this late start, Political Economy has proven just as reliable as other sciences based upon facts and experiments. The author provides many examples contrasting modern economic principles with historical events to drive home this point and then expands upon how such principles have been adopted and refined over time. Political Economy is foundational to any modern society that amasses individual wealth and has a complex system of trade and exchange. Understanding the origins and evolution of the field allows readers the opportunity to see how it may continue to change to meet the demands of a dynamic, evolving globalized society. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781331225171_0
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The Principles of Political Economy With a Sketch of the Rise and Progress of the Science Classic Reprint
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