Synopsis
This book provides a thorough examination of the fundamental principles that govern the distribution of wealth within a society. The author delves into the nature of value, price, and cost, arguing that the subjective value that individuals assign to goods and services ultimately determines their prices. The book analyzes the factors that influence supply and demand, emphasizing the role of scarcity and marginal utility in shaping market outcomes. It explores the concept of diminishing returns, which suggests that as more resources are devoted to a particular industry, the additional output tends to decrease. The author also discusses the concept of rent, arguing that it represents a payment for the use of land, which is a scarce resource. The book concludes by examining the distribution of income among different groups in society, arguing that it is influenced by factors such as human abilities, personal rights, and legal institutions, concluding that understanding these principles is crucial for developing effective policies related to income distribution and economic growth.
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The Distribution of Wealth (Classic Reprint)
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Paperback. Condition: New. Print on Demand. This book provides a thorough examination of the fundamental principles that govern the distribution of wealth within a society. The author delves into the nature of value, price, and cost, arguing that the subjective value that individuals assign to goods and services ultimately determines their prices. The book analyzes the factors that influence supply and demand, emphasizing the role of scarcity and marginal utility in shaping market outcomes. It explores the concept of diminishing returns, which suggests that as more resources are devoted to a particular industry, the additional output tends to decrease. The author also discusses the concept of rent, arguing that it represents a payment for the use of land, which is a scarce resource. The book concludes by examining the distribution of income among different groups in society, arguing that it is influenced by factors such as human abilities, personal rights, and legal institutions, concluding that understanding these principles is crucial for developing effective policies related to income distribution and economic growth. 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 # 9781333298722_0
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The Distribution of Wealth (Classic Reprint)
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781333298722
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781333298722
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The Distribution of Wealth (Classic Reprint)
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Forgotten Books Apr 2018, 2018
ISBN 10: 1333298722
ISBN 13: 9781333298722
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Taschenbuch. Condition: Neu. Neuware. Seller Inventory # 9781333298722
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