This book presents a rich exploration of the foundational principles of economics. It challenges the conventional view that wealth is solely defined by material possessions and argues that labor, personal credit, and abstract rights should also be considered forms of wealth. The author traces the evolution of economic thought from Aristotle to the present day, highlighting the contributions of key thinkers like Adam Smith, Ricardo, and Whately. The book's meticulous analysis of the concept of value and its application to various economic phenomena provides a fresh perspective on the nature of wealth and the mechanisms of exchange. By re-examining the fundamental ideas of economics, this book sheds light on the complexities of commerce and offers valuable insights for understanding the dynamics of wealth creation and distribution.
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