Lectures D'économie Politique Rationnelle by Mathieu Wolkoff. This French treatise, first published in 1861, offers a rigorous critique of contemporary economic doctrines and outlines a rational framework for wealth creation and distribution. Wolkoff surveys recent political economy treatises, arguing that the science should proceed from the natural conditions of production and the legitimate rights to property. He distinguishes wealth into natural and produced goods, contending that property arises from the inherent scarcity of matter and the necessity of individual appropriation. The lectures examine the core topics of economics—propriété, utilité et valeur, production, travail et salaire, capital et intérêt, et rente foncière—and discuss how land and capital should be organized to maximize social welfare. He defends liberty of industry, criticizes monopolies, and proposes a theory of rent and the distribution of industries around markets. Throughout, Wolkoff integrates conceptual analysis with practical implications, drawing on Thünen’s ideas to illuminate the relations among labor, capital, wages, and rent.
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