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by Walter Bagehot (Author), Alfred Marshall (Foreword by)
The Postulates of English Political Economy, written by Walter Bagehot and published in 1885, is a comprehensive study of the principles and theories of political economy in England during the 19th century. Bagehot, a prominent British journalist and economist, explores the key postulates that underlie the study of political economy, including the principles of supply and demand, competition, and the role of government in regulating the economy.The book is divided into four parts, each of which covers a different aspect of political economy. Part one provides an overview of the historical development of political economy in England, tracing its roots back to the 18th century and the works of Adam Smith. Part two delves into the principles of supply and demand, exploring how these forces shape the economy and how they are affected by factors such as technology, population growth, and government policies.Part three focuses on the role of competition in the economy, examining the benefits and drawbacks of free markets and the impact of monopolies and other forms of market power. Finally, part four explores the role of government in regulating the economy, discussing issues such as taxation, public goods, and the role of the state in promoting economic growth and development.Throughout the book, Bagehot draws on a wide range of historical and contemporary examples to illustrate his points, from the Industrial Revolution and the rise of capitalism to the emerging trends of the late 19th century. The Postulates of English Political Economy is an important work of economic theory and a valuable resource for anyone interested in the history and development of political economy in England.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.
