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Excerpt from Economic Principles, Vol. 1
The more thoro analysis Of the economic properties of goods and actions has shown the need of new terms and of new definitions for Old terms, as in the cases of usance, the sepa rable use, rent, labor-income, time-preference, capital, interest, abstinence, consumptive, durative, and many other expressions. It is hoped that this revision Of fundamental concepts, as well as the new treatment Of enterprise and profits, the fuller statement of the capitalization theory of interest, and the separation Of the dynamic from the static theory, will be found helpful to teachers and acceptable in the end to all economic students.
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Paperback. Zustand: New. Print on Demand. This book presents a comprehensive study of economic principles, exploring the foundational aspects of value, price, and distribution in the economic system. The author presents a unique perspective on the concept of value, arguing that it is not an inherent property of goods but rather a reflection of the choices and desires of individuals. Through clear and concise explanations, the book develops a rigorous framework for understanding how value is created, measured, and exchanged in the marketplace. The author also delves into the complexities of production, competition, and market dynamics, providing valuable insights into how these factors interact to shape economic outcomes. This book is an essential resource for students, economists, and anyone interested in gaining a deeper understanding of the fundamental principles that govern economic behavior. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781330004401_0
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