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Book cover

An Inquiry into the Principles of Political Oeconomy (Vol. 1 of 2) Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes

By James Steuart

(3.5 stars) • 10 reviews

Embark on a mid-18th century journey through population, agriculture, trade, and more, as one man attempts to unlock the science of a nation's economic policy.

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Released
2019-10-03
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Summary

"An Inquiry into the Principles of Political Oeconomy (Vol. 1 of 2)" by Sir James Steuart is an extensive, carefully researched effort to define the foundational rules of economics for countries, mainly dealing with internal affairs, such as people, farming, commerce, and money. The author wants to explain how different parts of the economy connect and affect each other so leaders can understand the consequences of their decisions for the public. An introduction reveals the author’s modest concern about the book’s wide range, especially when compared to his skills. He talks about his years of learning and traveling, noting how different cultures change economic policy. Steuart hopes to objectively gather these observations, laying a foundation for future academics to expand upon, as early sections examine how population and agricultural methods relate, emphasizing how important it is to have enough food to support a thriving society.

About the Author

Sir James Steuart, 3rd Baronet of Goodtrees and 7th Baronet of Coltness, also known as Sir James Steuart Denham, was a prominent Scottish Jacobite and author of "probably the first systematic treatise written in English about economics" and the first book in English with 'political economy' in the title. He assumed the surname of Denham late in life; he inherited his cousin's baronetcy of Coltness in 1773.

Average Rating
4.0
Aggregate review score sourced from Goodreads
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200
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Total Reviews
10.0k
Total reviews from Goodreads may change