Principles of Political Economy

John Stuart Mill's Principles of Political Economy stands as one of the most lucid and systematic works ever published on the subject. This classic text, foundational to modern economic thought, offers a comprehensive exploration of the nature of wealth and the laws governing its Production, Distribution, and Exchange. This special abridged edition by Holistence Publications, meticulously prepared by J. Laurence Laughlin, retains Mill's original words while enhancing the text for contemporary and American students. It includes Laughlin's supplementary analysis, a "Sketch of the History of Political Economy", extensive bibliographies for further study, and numerous charts and illustrations applying economic principles to American facts. Mill's treatise systematically investigates the requisites of production (labor, capital, and land), the laws of distribution (wages, profits, rent, and property), the functions of money and credit, the principles of international trade, the influence of societal progress on economic conditions, and the proper functions of government, including taxation and the debate on protectionism. This edition makes Mill's monumental work accessible to a new generation of readers.