Elementary Principles of Economics (Classic Reprint)

Richard T. Ely, George Ray Wicker

ISBN 10: 1330016777 / ISBN 13: 9781330016770

Published by Forgotten Books, 2018

About this Item

Print on Demand. Exploring the intricate relationship between economics and society, this book delves into the foundations of our economic systems. The author delves into how the socio-economic institutions we take for granted, such as private property, free enterprise, and the right to establish businesses, have changed and evolved over time. By examining these fundamental structures and tracing their development throughout history, the book illuminates how economics is not static but rather a dynamic force that adapts to societal transformations. Understanding these underlying principles will equip readers to think critically about economic issues and make informed decisions that impact both their personal finances and the broader economy. 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.

Seller Inventory # 9781330016770_0

Bibliographic Details

• Title: Elementary Principles of Economics (Classic Reprint)
• Publisher: Forgotten Books
• Publication Date: 2018
• Language: English
• ISBN 10: 1330016777
• ISBN 13: 9781330016770
• Binding: Paperback
• Condition: New
• Book Type: print-on-demand item
• Seller catalogs:
  • Economics

About this title

Synopsis

Foundations of economics, explained clearly and with real-world relevance.

This edition walks you through what money is, how it functions in exchanges, and why governments shape money and taxation. It also frames how economic history informs current practice, making theory feel relevant to today’s finance and policy debates.

This book introduces the four main functions of money, from enabling trade to serving as a store of value. It explains how coinage works, why different forms of money exist, and what “legal tender” means. You’ll see why money matters for prices, payments, and global exchange, all tied to practical examples and plain language.
Key topics you’ll encounter include how governments manage money and taxes, the pros and cons of various revenue sources, and how revenue systems affect individuals and communities. The text also surveys the evolution of taxation, public finance, and the balance between national, state, and local needs.

• Clear definitions of money and its four key roles
• How money is produced, recognized, and regulated
• The relationship between money, prices, and exchange
• Public finance concepts, including taxation and government revenue
• A survey of economic history to connect past and present

Ideal for readers of introductory economics, students preparing for courses in public finance, and anyone seeking a solid, accessible overview of money, taxation, and economic history.