Publisher's Synopsis
A Manual of Political Economy, written by Erasmus Peshine Smith and first published in 1868, is a comprehensive guide to the principles of political economy. The book covers a wide range of topics, including the theory of value, production and distribution, money and banking, international trade, and the role of government in economic affairs.Smith's approach to political economy is grounded in classical liberal principles, emphasizing the importance of free markets and individual liberty. He argues that economic growth and prosperity can only be achieved through the free exchange of goods and services, and that government intervention in the economy is generally counterproductive.Throughout the book, Smith provides numerous examples and case studies to illustrate his points, drawing on both historical and contemporary examples. He also engages with the ideas of other prominent economists of the time, including Adam Smith, David Ricardo, and Thomas Malthus.Despite being over a century old, A Manual of Political Economy remains a valuable resource for anyone interested in the principles of economics and the history of economic thought. Its clear and concise writing style, combined with its comprehensive coverage of the subject matter, make it an accessible and informative read for both students and scholars alike.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.
