An Exposition in Outline of the Relation of Certain Economic Principles to Social Readjustment (Classic Reprint) - Hardcover

Frederic William Sanders

Hardcover

ISBN 10: 0364034866 ISBN 13: 9780364034866

Publisher: Forgotten Books, 2018

Synopsis

A concise, accessible view of how core economic ideas relate to social change.

This outline presents the key elements of economic theory and shows how they connect to ideas about reform, including practical considerations of land, labor, and capital.

The work explains the main factors in production—land and labor as the natural and human inputs, and capital as the product of past effort. It then walks through how wealth is distributed among wages, rent, and interest, and why the balance matters for policy. A special focus is given to the value of interest, its relation to capital and wages, and what this means for distributing wealth more fairly. The author also discusses a radical but carefully argued reform stance, using land nationalization as a case study to illustrate how theory can guide social readjustment.

• Grasp the three factors in production and how they create wealth
• Understand the difference between wages, rent, and interest in distribution
• See how capital grows from land and labor and what that means for policy
• Explore a concrete reform idea and the economic reasoning behind it

Ideal for readers of economics, social policy, and students interested in how theory informs reform-minded discussion.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 0364034866
• ISBN 13: 9780364034866
• Binding: Hardcover
• Number of pages: 78