The Common Sense Of Political Economy: Including A Study Of The Human Basis Of Economic Law (1910)

The Common Sense of Political Economy is a book written by Philip Henry Wicksteed in 1910. The book offers a comprehensive study of the principles of political economy and their application in the real world. The author argues that economics is not just a science of numbers and statistics, but also a science of human behavior and motivation. He emphasizes the importance of understanding the human basis of economic law and the role of incentives in shaping economic activity.The book is divided into two parts. The first part deals with the basic principles of political economy, including the concept of value, supply and demand, and the role of competition in the market. The author also discusses the role of money in the economy and the principles of taxation.The second part of the book focuses on the human basis of economic law. The author argues that economic laws are not immutable and can be influenced by human behavior and motivation. He discusses the role of ethics and morality in economic decision-making and the importance of social responsibility in economic activity.Overall, The Common Sense of Political Economy is a thought-provoking and insightful book that offers a fresh perspective on the principles of economics. It is an essential read for anyone interested in understanding the complex relationship between economics and human behavior.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.