Publisher's Synopsis
Elements of Political Economy is a comprehensive textbook written by J. Shield Nicholson and first published in 1903. The book offers an in-depth analysis of the principles of political economy, covering topics such as the nature of wealth, the laws of supply and demand, and the role of government in economic affairs.Nicholson's writing is clear and concise, making the book accessible to students and scholars alike. He draws on examples from history and contemporary society to illustrate his points, and provides a range of case studies and exercises to help readers deepen their understanding of the subject matter.The book is divided into three parts. The first part introduces the basic concepts of political economy, such as the division of labor, capital, and wages. The second part explores the principles of exchange, including the laws of supply and demand, and the role of money in the economy. The final part examines the role of government in economic affairs, covering topics such as taxation, public goods, and international trade.Overall, Elements of Political Economy is a classic work of economic theory that remains relevant and insightful more than a century after its initial publication. It is a must-read for anyone interested in understanding the fundamental principles of economics and their application to contemporary society.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
