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Five Star Publishing, LLC
Principles Of Political Economy (Illustrated)
Principles Of Political Economy (Illustrated)
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• The book is an edited and illustrated version of the original one and includes 45 or more unique illustrations which are relevant to its content.
• In Principles of Political Economy, which became the leading economics textbook for forty years after it was written, Mill elaborated on the ideas of DAVID RICARDO and ADAM SMITH. He helped develop the ideas of economies of scale, OPPORTUNITY COST, and COMPARATIVE ADVANTAGE in trade. Mill was a strong believer in freedom, especially of speech and of thought. He defended freedom on two grounds. First, he argued, society’s utility would be maximized if each person was free to make his or her own choices.1 Second, Mill believed that freedom was required for each person’s development as a whole person.
• In Principles of Political Economy, which became the leading economics textbook for forty years after it was written, Mill elaborated on the ideas of DAVID RICARDO and ADAM SMITH. He helped develop the ideas of economies of scale, OPPORTUNITY COST, and COMPARATIVE ADVANTAGE in trade. Mill was a strong believer in freedom, especially of speech and of thought. He defended freedom on two grounds. First, he argued, society’s utility would be maximized if each person was free to make his or her own choices.1 Second, Mill believed that freedom was required for each person’s development as a whole person.
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