Principles Of The New Economics (1922)

By Lionel Danforth Edie

Book Overview

Principles Of The New Economics is a book written by Lionel Danforth Edie and first published in 1922. The book explores the principles of a new economic theory that arose in response to the failures of classical economics in the early 20th century. Edie argues that the classical economic theory, which emphasizes individual self-interest and the market's ability to self-regulate, is flawed and unable to address the problems of poverty, inequality, and unemployment. Edie proposes a new economic theory that emphasizes social cooperation, collective decision-making, and the importance of government intervention in the economy. He argues that the economy should be organized to serve the needs of society as a whole, rather than just the interests of individuals or corporations. The book is divided into three parts. The first part provides an overview of the classical economic theory and its limitations. The second part introduces the principles of the new economic theory, including the importance of social cooperation, the role of government in the economy, and the need to prioritize social welfare over individual profit. The third part explores the practical applications of the new economic theory, including its implications for taxation, public spending, and the regulation of business.Overall, Principles Of The New Economics is a seminal work in the history of economic thought, and it continues to be influential in debates about the role of government in the economy and the need for economic policies that prioritize social welfare.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.

• Format: Paperback
• Language: English
• ISBN: 1164951599
• ISBN13: 9781164951599
• Release Date: September 2010
• Publisher: Kessinger Publishing
• Length: 542 Pages
• Weight: 1.58 lbs.
• Dimensions: 1.1" x 6.0" x 9.0"