Synopsis
This book on political economy challenges prevalent viewpoints on the nature of wealth and value. The author provides an in-depth examination of the prevailing labor theory of value, arguing that it fails to account for the effects of capital accumulation and technological advancements on productivity and economic growth. Through a series of thought-provoking examples, the author demonstrates how capital aids labor in producing greater quantities of goods and services with higher quality, thus driving down the value of existing capital and increasing the value of labor. The book challenges assumptions, offers a fresh perspective, and argues for a more comprehensive understanding of the factors that determine the value of commodities and services.
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Principles of Political Economy: Part the First (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book on political economy challenges prevalent viewpoints on the nature of wealth and value. The author provides an in-depth examination of the prevailing labor theory of value, arguing that it fails to account for the effects of capital accumulation and technological advancements on productivity and economic growth. Through a series of thought-provoking examples, the author demonstrates how capital aids labor in producing greater quantities of goods and services with higher quality, thus driving down the value of existing capital and increasing the value of labor. The book challenges assumptions, offers a fresh perspective, and argues for a more comprehensive understanding of the factors that determine the value of commodities and services. 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 # 9781330709634_0
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Principles of Political Economy Part the First Of the Laws of the Production and Distribution of Wealth Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330709634
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Principles of Political Economy Part the First Of the Laws of the Production and Distribution of Wealth Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330709634
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