Principles of Political Economy, Vol. 1

Name: Principles of Political Economy, Vol. 1
Author: Wilhelm Roscher

By Wilhelm Roscher

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About This Book

A systematic exposition of political economy that develops core concepts—goods, wants, value in use and exchange, resources, wealth, and economy—then situates the discipline among related fields such as finance, statistics, and household management. It contrasts idealistic and historical methods, arguing for a historical-physiological approach and demonstrating its practical advantages. Subsequent sections analyze production: factors, natural conditions, agricultural productivity, and valuation of resources, with appended chapters addressing paper money, international trade, and protectionist policy, all aimed at combining theoretical principles with historical evidence and policy implications.

About the Author

Wilhelm Roscher

Wilhelm Roscher was a prominent German economist and a key figure in the development of political economy in the 19th century. He is best known for his influential work "Principles of Political Economy," which was published in two volumes and contributed significantly to the understanding of economic theory and its historical context. Roscher's scholarship emphasized the importance of historical and cultural factors in shaping economic systems, making him a notable figure in the German Historical School of economics. His writings continue to be referenced for their insights into the evolution of economic thought.