Principles of Political Economy, Vol. 2

"Principles of Political Economy, Vol. 2" by Wilhelm Roscher is a comprehensive scientific exploration of economic systems written in the late 1800s. The work thoroughly discusses the principles that manage the distribution of products and the effects of different economic actions on creating earnings. It introduces basic ideas like the differences between earnings, total financial resources, and output, stressing how real earnings come only from useful economic work, along with defining different kind of profits such as overall, after-tax earnings, and spare cash. Roscher shows us that correct financial records are important for watching these different kinds of profits, tying them to how well communities grow economically, and the book sets a serious, analytical tone for the subject.