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Excerpt from First Lessons in Political Economy
This book has been prepared for use in High Schools and Academies. In writing its pages, I have been Well aware that the object sought is the most difficult at which an economist can aim. Whether this effort to reach the minds of pupils of fifteen, sixteen or seventeen years has been successful, will only be learned on actual trial.
In preparing a text-book for students in the period of life indicated, I have not thought it necessary to make the work childish. It is no Primer of Political Economy which is here offered but a substantial course of study in this vitally important subject. I can only hope that it will be found that those for whom it has been designed will be able to follow that course to their own satisfaction and with good results.
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First Lessons in Political Economy (Classic Reprint)
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Paperback. Condizione: New. Print on Demand. This book explores the fundamental principles of economics, a discipline that concerns itself with wealth and how it is produced, distributed, and consumed. The author begins by defining wealth as any object that has value and can be exchanged for labor or other goods. The author then delves into the concept of value, explaining that it is determined by the usefulness of an object and the difficulty in obtaining it. The book highlights the role of land, labor, and capital in the production of wealth, emphasizing that the availability of these resources is limited and can lead to diminishing returns in agriculture. The author explores the complex relationship between the production of goods and the distribution of wealth, arguing that the desire for wealth is not inherently negative but can drive individuals to contribute to society through innovation and economic growth. Ultimately, the book provides a comprehensive understanding of the forces that shape economic outcomes, offering valuable insights for anyone seeking to navigate the complexities of the modern economy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Codice articolo 9781440055331_0
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