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The Philosophy of Trade (Classic Reprint): Or Outlines of a Theory of Profits and Prices, Including an Examination of the Principles Which Determine the Relative Value of Corn, Labour, and Currency - Couverture souple

Patrick James Stirling

 
9781332797714: The Philosophy of Trade (Classic Reprint): Or Outlines of a Theory of Profits and Prices, Including an Examination of the Principles Which Determine the Relative Value of Corn, Labour, and Currency

Synopsis

Uncover the laws that shape price, profit, and value in trade. This concise work presents the outlines of a theory of profits and prices, examining how demand, supply, and money interact to determine value across commodities like corn and labor. It aims to clarify foundational ideas in political economy without overpromising practical results.

The book frames value and price, explains how profits arise, and explores how different factors—land quality, capital, and currency—impact what people pay and earn in markets. Written as a clear, tightly argued outline, it guides readers through the core questions that have long occupied economists and students alike.


  • How different commodities gain or lose exchange value relative to each other.

  • Why value and price diverge, and what “par of value” means in practice.

  • The role of rent, profits, and capital in shaping overall prices.

  • How currency and money supply influence trade, without changing fundamental laws.



Ideal for readers of economic thought, history of political economy, and those seeking a rigorous, accessible entry into the theory of profits and prices.

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