Principles of Political Economy; With Sketch of the Rise and Progress of the Science: By J. R. M'culloch, Essay on Interest and Value of Money, by John Locke (Classic Reprint) - Hardcover

J. R. McCulloch

Hardcover

ISBN 10: 0484205846 ISBN 13: 9780484205849

Publisher: Forgotten Books, 2020

Synopsis

The book blends classic economic theory with historical inquiry, exploring how value, labor, and money shape markets.

It gathers foundational ideas on what makes goods valuable, how wages and profits are determined, and how monetary value affects trade across societies. With sections on the distribution of wealth and the rise of political economy, this edition also features John Locke’s influential Essay on Interest and the Value of Money, offering a broad view of money, coinage, and price.

Designed for readers seeking a clear, historical look at how economic principles developed in Europe, this work explains why some goods exchange for more labor or capital and how markets respond to changes in wages, rents, and production. It explains the difference between utility and exchange value, addresses the forces that drive price, and examines how money’s value interacts with everyday commerce.

Readers will gain insights into how early economists tied economic outcomes to social conditions, wealth distribution, and policy debates—ideas still weighed in modern discussions of growth, inflation, and public finance.

• Foundational definitions of political economy and exchangeable value
• How wages, capital, and production influence prices and profits
• The relation between money, coinage, and the value of goods
• Historical context and the rise of economic thought in Europe

Ideal for readers of economic history and theory, and for anyone curious about how early scholars framed markets and value.

Edition details

• Publisher: Forgotten Books
• Publication date: 2020
• Language: English
• ISBN 10: 0484205846
• ISBN 13: 9780484205849
• Binding: Hardcover
• Number of pages: 362