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

John Ramsay M'culloch

9780266454199: The Principles of Political Economy: With Some Inquiries Respecting Their Application, and a Sketch of the Rise and Progress of the Science (Classic Reprint)

Hardcover

ISBN 10: 0266454194 ISBN 13: 9780266454199

Publisher: Forgotten Books, 2018

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What drives national wealth and the price of goods?

This edition examines how labor, capital, and profits shape everyday prices and living standards, with clear examples and practical insights.

From the fundamentals of accumulation to the impact of wages on profits, this work explains how economies grow or slow. It links theory to real outcomes, showing how the way we save, invest, and pay workers can alter the goods we buy, the wages we earn, and the broad measure of wealth itself.

Readers will gain a grounded view of how capital durability, machine use, and labor interact to set values and distribute wealth. The text surveys the forces that push or restrain production, exchange, and the economy’s rhythm across industries and time.

How capital, labor, and profits determine prices and exchange values
Why wage changes affect profits differently across durable and less-durable capital
The link between saving, investment, and employment in an expanding economy
Historical context and foundational ideas about wealth and national progress

Ideal for readers seeking a clear, historically grounded view of political economy and its practical implications.

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