The Principles of Political Economy (Classic Reprint): With Some Inquiries Respecting Their Application, and a Sketch of the Rise and Progress of the ... and Progress of the Science (Classic Reprint) - Softcover

M'culloch, John Ramsay

 
9781334474149: The Principles of Political Economy (Classic Reprint): With Some Inquiries Respecting Their Application, and a Sketch of the Rise and Progress of the ... and Progress of the Science (Classic Reprint)

Synopsis

This book established the basis of political economy as a discipline based on investigation into how societies produce, distribute, and consume goods and services. The author believed that while human nature is essentially selfish, the desire for self-improvement paradoxically leads individuals to participate in a system of mutually beneficial exchange, advancing society as a whole. The author's arguments were deeply embedded in the historical and philosophical thought of his time and laid the groundwork for modern economic theory and practice.

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