Political Economy (Classic Reprint)

Description: This fascinating book provides an erudite exploration into the intricate nature of economics, delving into the theories and principles that govern the production, distribution, and consumption of wealth. Originally written in 1878 as a primer for instructing young people in elementary economics, the author masterfully presents a comprehensive examination of the subject for the contemporary reader. The book begins by introducing economics as a science concerned with understanding wealth and its role in society. It delves into the concept of utility, explaining how people's needs and wants drive economic activity. The author then explores the three essential factors of production: land or natural resources, labor or human effort, and capital or accumulated wealth. The book also examines the concept of division of labor, showing how specialization can increase productivity. It discusses the role of science and technology in economic development and the importance of free trade in fostering economic growth. Throughout, the author emphasizes the relationship between economics and society, highlighting how economic policies and institutions can shape social outcomes. The book concludes by asserting that understanding economics is crucial for informed decision-making and for addressing pressing issues such as poverty and inequality. This insightful book offers a valuable introduction to economics and its relevance to our contemporary world. Forgotten Books publishes hundreds of thousands of rare and classic books.This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some aesthetic errors may persist, however it has been deemed that any such will not detract from the work's significant historical value. The digital edition of all books may be viewed on our website before purchase.

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Location: New York NY

End Time: 2024-09-28T09:07:38.000Z

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