The Elements of Economics, Vol. 1 of 2 (Classic Reprint) - Couverture souple

Macleod, Henry Dunning

Couverture souple

ISBN 10 : 1333029063 ISBN 13 : 9781333029067

Editeur : Forgotten Books, 2018

Synopsis

Unlock the full picture of how economies work, from ideas to everyday practice. This authoritative overview treats economics as a practical, growing science. It explains how production and consumption shape wealth, and how banks, money, and credit influence markets in real life.

Economics is presented as a physical science grounded in real-world processes. You’ll see how distinct forms of production—agricultural, manufacturing, and commercial—together place goods in the spots where they are bought and used. The text also clarifies the meaning of consumption as purchase, not destruction, and shows how the buyer completes a transaction by giving value to the producer’s work.

What you’ll experience
- Clear definitions of Production and Consumption, with practical examples of what counts as wealth.
- The roles of three producer types and how commerce acts as a form of production.
- An introduction to money, credit, and the beginnings of modern banking concepts.
- Historical context on how economic thought evolved from early schools to a broader, inductive science.

Ideal for readers new to classical political economy and anyone seeking a solid, readable foundation in economic ideas and their everyday applications.

A propos du livre

Présentation de l'éditeur

Off THK [UIIVEESITT lPREFACE Every one of the Great Sciences, in the course of its history, has undergone a complete transformation from the mode in which it was conceived by its founders :and there is also a stage at which it becomes necessary to introduce more powerful and refined methods of investigation, more comprehensive forms of expression, and more minute and exact observation. A great transformation is now going on in theS cience of Political Economy, orE conomics, as it may mpre aptly be termed. Up to the present time there have been two great schools of Economists, each of which has done great, glorious, and immortal services to mankind. But making ample acknowledgment of the priceless services done by the two preceding schools, the fact is that the Political Economy of A damS mith, Ricardo, and Mill is now exhausted it is a caput mortuum from which no further good can be extracted :it is wholly incapable of grasping the great Economic problems of the present day Credit, Banking, and the Foreign Exchanges, In fact, this school of Economists has abandoned all these questions in hopeless despair. Highly as we may esteem the great Economists of this and other countries, it is essential to remember the character of Economic contests up to the present time.
(Typographical errors above are due to OCR software and don't occur in the book.)

About the Publisher

Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.

Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the aged text. Read books online for free at www.forgottenbooks.org

Détails de l'édition

• Éditeur: Forgotten Books
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 1333029063
• ISBN 13: 9781333029067
• Reliure: Broché
• Nombre de pages: 429
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