Excerpt from Outlines of Political Economy: Being a Republication of the Article Upon That Subject Contained in the Edinburgh Supplement to the Encyclopedia Britannica
I know not to Whom the following republi cation can With greater, propriety be addressed, than to the friend at Whose solicitation it was undertaken: nor by whom it will be more favour ably received, whether regarded as an attempt to facilitate in our country the study of Political Economy, or in consideration of the sentiments by which the present is dictated.
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Paperback. Condition: New. Print on Demand. This book defines and examines the principles of political economy, the science of the laws that govern the production, distribution, and consumption of exchangeable material products that have value. Notably, the author distinguishes between value in exchange and utility. The former is based on the comparative difficulty of production, while the latter is a measure of a commodity's usefulness. The author traces the history of economic thought, showing how early economists focused on mercantilism and the balance of trade. He contrasts this with the modern approach, which emphasizes the importance of factors such as security of property, division of labor, and capital accumulation in promoting economic growth. The book also discusses the role of money, wages, profits, and rent in determining the prices of goods and services. It concludes by examining the relationship between wealth and consumption, arguing that the true measure of economic progress is not the accumulation of wealth but the ability to satisfy the wants and desires of the population. 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 # 9781330621813_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330621813
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330621813
Quantity: 15 available