About This Book
A clear, instructional account of fundamental economic concepts, beginning with a precise definition of wealth as exchangeable value distinct from well-being, and explaining land, labour and capital and the process by which production yields goods. It analyzes how produced wealth divides into rent, interest and subsistence, and how exchange, money and trade policies operate. The second part applies these principles to political questions—property and different forms of state organization, banking, national finance, taxation, international exchange, socialism, usury and the social value of money—arguing from practical examples to illuminate policy implications.