Wealth isn’t just for the rich; it’s about all the things that cost effort to obtain. This book explains how value, labor, and capital come together to shape economies and our daily lives.This edition lays out the basic ideas of political economy in clear terms. It shows how value depends on labor and usefulness, why capital grows from past work, and how production, exchange, and distribution connect people in society. It also explains how prices form through supply, demand, and the money that mediates trade, along with the roles of wages, profits, interest, rent, and taxes.
- How value is defined and what makes something valuable or worthless
- Why production requires both nature’s resources and human labor
- How exchange and the division of labor expand what individuals can achieve
- Key ideas about wages, profits, interest, rent, and taxation in an economy
Ideal for readers seeking a practical, foundational look at how economies work and how wealth is created and distributed in society.