The general term for Economics is “the science or study of wealth (welfare) and its production, applicable either to the individual, the family, the State, or in the widest sense, the world.”
Economics “includes the discussion of all the numerous factors which make life profitable, whether to the nation or to the business, or to the individual man.”
It is the “study of the life of communities with special reference to one side of their activity.” It involves examining the structure and organization of communities or a specific community. It includes their history, customs, laws, institutions and relationships between members. At the root of economics, “lies the conception of standard life of the community.” Economics has influenced our thoughts on liberty and dignity and encourages us to take a deeper look at the lives in communities helping us determine the conditions people live in.
Capital: A Critical Analysis of Capitalist Production by Karl Marx, Editor: Frederick Engels
Date of Publication: 1889First American Edition. The classic economic study which was to change the face of twentieth century politics and geography for nearly 75 years. One must bear in mind, that though the “Cold War” may be over, the concept and practice of Marxism...
Catechism of Political Economy by Jean-Baptiste Say
Date of Publication: 1817First Edition. “French statesman and economist; was born in Paris on the 6th of June 1826.He displayed talent for interesting popular audiences in economic questions. His sympathies, like those of his grandfather, were with British school...
Principles of Political Economy by John Stuart Mill
Date of Publication: 1848NO EQUALLY COMPREHENSIVE TREATISE SINCE THE WEALTH OF NATIONSFirst edition of Mill's important and influential work on political economy. ``[T]here had been no equally comprehensive treatise, especially none that paid so much attention to...
On Principles of Political Economy & Taxation by David Ricardo
Date of Publication: 1819English economist. It was reading Adam Smith’s Wealth of Nations that caused Ricardo to devote himself to the study of political economy. Principles of Political Economy and Taxation is the most systematic exposition of his theory of rent,...
An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith
Date of Publication: 1776Smith's cornerstone of political economy contains many specific references to America, including "a great mass of information concerning the trade of this country, before the revolution, and a clear and convincing argument against the...
