Principles of Political Economy, Vol. 2

Name: Principles of Political Economy, Vol. 2
Author: Wilhelm Roscher

By Wilhelm Roscher

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About This Book

The work analyzes the distribution of goods and income in political economy, defining receipts, produce, and the distinction between gross, net, and free income. It explains how products arise from labor and resource use, how money facilitates exchange, and how division of labor separates production from consumption. The text examines cost of production, rent and land-use questions, and the role of bookkeeping in measuring economic well‑being. Supplemental chapters address monetary issues, international trade, and protectionist policy, and a preliminary essay outlines a historical method for studying economic institutions and their development.

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.