Political Economy (1854)

Political Economy is a seminal work in the field of economics, written by Nassau William Senior in 1854. The book provides a comprehensive overview of the principles of political economy, examining topics such as production, distribution, exchange, and consumption of goods and services. Senior's work is divided into three parts. The first part deals with the theory of production, discussing the factors of production, the laws of supply and demand, and the role of capital in the economy. The second part focuses on the theory of distribution, exploring the distribution of wealth, income, and capital in society. The third part deals with the theory of exchange, examining the mechanisms of trade, international trade, and the role of money in the economy. Throughout the book, Senior offers a critical analysis of the economic theories of his time, including those of Adam Smith, David Ricardo, and Thomas Malthus. He also provides insights into the economic policies of his era, including the Corn Laws and the Poor Laws. Political Economy is a seminal work that has influenced generations of economists and policymakers. It remains a valuable resource for anyone interested in understanding the principles of political economy and the workings of the modern economy.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.