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An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2) / Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes cover

An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2) / Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes

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The work develops a systematic theory of domestic political economy for free states, analyzing production, population, agriculture, trade, industry, and especially money and coin. It treats gold and silver as ordinary commodities and money of account as a relative measure; explores how coinage, seigniorage, and minting costs influence prices and the bullion market; traces links between balance of trade, exchange rates, banking, circulation, public credit, and taxation; and offers practical discussion of monetary regulation, credit institutions, and fiscal arrangements to coordinate national commerce and public finance.

About the Author

Steuart, Sir James portrait

Sir James Steuart

Sir James Steuart was a Scottish economist and a significant figure in the development of political economy during the 18th century. He is best known for his comprehensive work, "An Inquiry into the Principles of Political Oeconomy," which explores the intricacies of domestic policy in free nations, addressing critical topics such as population, agriculture, trade, and public credit. His writings reflect a deep understanding of the economic principles that govern society and have contributed to the foundation of modern economic thought. Steuart's analytical approach and emphasis on the interconnections between various economic factors mark him as a notable contributor to the field.

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