Political Economy Or Economics Is A Study

Political Economy Or Economics Is A Study Of Mankind In The Ordinary Business Of Life.

Consumption May Be Regarded As Negative Production.

Individual And National Rights To Wealth Rest On The Basis Of Civil And International Law, Or At Least Of Custom That Has The Force Of Law.

But If Inventions Have Increased Man's Power Over Nature Very Much, Then The Real Value Of Money Is Better Measured For Some Purposes In Labour Than In Commodities.

Producer's Surplus Is A Convenient Name For The Genus Of Which The Rent Of Land Is The Leading Species.