Economics: An Account of the Relations Between Private Property and Public Welfare (Classic Reprint) - Softcover

Arthur Twining Hadley

9781330011881: Economics: An Account of the Relations Between Private Property and Public Welfare (Classic Reprint)

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ISBN 10: 1330011880 ISBN 13: 9781330011881

Publisher: Forgotten Books, 2018

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Excerpt from Economics: An Account of the Relations Between Private Property and Public Welfare

This book is an attempt to apply the methods of modern science to the problems of modern business.

Within the last thirty years there have been important changes in economic theory. One school of investigators has employed the principle of natural selection to explain the development and present shape of industrial ideas and institutions. Another school has used some of the results of recent psychological study to account for the actions of individual men in pursuing their own interests under the ideas and institutions thus developed. Both these things have combined to make the economic science of the present day very different, in its methods of analysis and powers of explanation, from that which formed the basis of John Stuart Mill's Principles of Political Economy.

Meantime new problems have been developing in modern business life; most conspicuously, perhaps, in connection with large investments of capital in factories and railroads. The time which elapses between the rendering of labor and the utilization of the products of labor is now so long that the work of the speculator has far greater importance than it did a generation ago. The size of the units of capital is so large that free competition often becomes an impossibility, and theories of economics which are based upon the existence of such competition prove blind guides in dealing with modern price movements.

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PublisherForgotten Books
Publication date2018
ISBN 10 1330011880
ISBN 13 9781330011881
BindingPaperback
LanguageEnglish
Number of pages516

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9781340394646: Economics; an Account of the Relations Between Private Property and Public Welfare

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ISBN 10: 1340394642 ISBN 13: 9781340394646
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Economics (Classic Reprint)

Arthur Twining Hadley

Published by Forgotten Books, 2018

ISBN 10: 1330011880 ISBN 13: 9781330011881

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Seller: Forgotten Books, London, United Kingdom

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Paperback. Condition: New. Print on Demand. This book provides a historical and theoretical overview of the relationship between personal wealth and the welfare of the general public. The author argues that the development of economics as a modern science has led to a better understanding of these relationships, and that this understanding has had a significant impact on public policy and individual behavior. The author also discusses the role of government in regulating the economy, and the ethical considerations involved in such regulation. The book provides a comprehensive analysis of the complex relationship between public and private wealth, and offers valuable insights for anyone interested in the fields of economics, public policy, or ethics. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330011881_0

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