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The Principles Of Political Economy: With A Sketch Of The Rise And Progress Of The Science - Softcover
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"The Principles Of Political Economy: With A Sketch Of The Rise And Progress Of The Science" by John Ramsay McCulloch is a 19th?century treatise arguing for limited, principled government intervention and for free-market dynamics as the normal organizing force of wealth, prices, and production. Drawing on historical examples and classical authorities, it explains how markets, population, insurance, and law interact to shape prosperity. Core themes include gluts and capital flows, where artificial supports or price controls provoke cycles; population driven by subsistence gains and disciplined by moral restraint; and insurance as risk management that lowers vulnerability. The book outlines a six?part framework for government action—protecting security, enforcing contracts, resolving disputes, preventing fraud, sanctioning certain undertakings, and sheltering people from natural casualties—while urging simplification of laws and avoidance of monopolies. It develops a rigorous treatment of property, bankruptcy, money, weights and measures, patents, monopolies, and a value theory distinguishing exchangeable value from real cost of production. Long?run prices are tied to production costs under free competition, with profits affected by wages, taxes, productivity, and trade dynamics.
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The Principles of Political Economy: With a Sketch of the Rise and Progress of the Science
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The Principles of Political Economy: With a Sketch of the Rise and Progress of the Science
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HardPress Ltd, 2021
ISBN 10: 0461368161
ISBN 13: 9780461368161
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Principles of Political Economy
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Condition: New. KlappentextrnrnThis is a reproduction of the original artefact. Generally these books are created from careful scans of the original. This allows us to preserve the book accurately and present it in the way the author intended. Since the origina. Seller Inventory # 2145163473
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