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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Elements of Political Economy

The Elements of Political Economy

MacLeod, Henry Dunning

Paperback

EconomicsGeneral World History

ISBN10: 1602069794
ISBN13: 9781602069794
Publisher: Cosimo Classics
Published: Dec 1 2007
Pages: 620
Weight: 1.71
Height: 1.37 Width: 5.50 Depth: 8.50
Language: English
Though not as well remembered as other economists of the period, Scottish economist HENRY DUNNING MACLEOD (1821-1902) was the first to fully explore theories of credit, developing a theory of money that flowed from a theory of credit (the standard was to do the other way around), and is considered to have coined the term Gresham's law to describe the results of the under- and overvaluation of money. Here, in his 1858 classic, Macleod discusses everything from the nature and limits of political economy and the origin of the discipline to the best material for a currency, the distinction between wealth and resources, the true source of value, and much, much more. This is essential reading for anyone seeking a full understanding of the development of economic theories in the 19th century.

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