The Principles of Economics: With Applications to Practical Problems (Classic Reprint)

A clear, student-friendly map of how value, price, and wealth move through an economy.

This edition presents the core ideas of economics in plain language. It guides readers through how money, labor, production, and policy shape everyday prices and living standards. Readers will see how markets, institutions, and social choices interact to determine value and distribution.

• Foundational explanations of value, time, and cost in ordinary life.
• Discussion of wages, profits, rents, and the role of capital in production.
• Analysis of competition, monopolies, trusts, and the impact on prices.
• Introduction to public policy topics like taxation, currency, and social legislation.