The Principles of Economics, with Applications to Practical Problems

"The Principles of Economics, with Applications to Practical Problems" by Frank A. Fetter is an early 20th-century work that explores the world of political economy. This extensive book looks at different economic ideas like what drives demand, how wealth affects well-being, and the difficult parts of market trades. It seeks to create a solid understanding of economic rules and how they apply to real-world issues within a society. The book starts by explaining political economy, describing it as the study of how people make money and use resources to meet their needs. The author aims to make economics clearer by talking about its place among the social sciences, pointing out that it's different from the natural sciences because it focuses on what people do and how they relate to each other. Fetter shows why it's important to understand economic reasons and how goods and desires are connected, preparing readers for a detailed look at economic ideas and the practical problems they help solve throughout the book.