Principles of Political Economy

Principles of Political Economy, written by Arthur Latham Perry and published in 1877, examines the fundamental principles of political economy with a focus on value in economic transactions. Perry critiques traditional notions of wealth, advocating for a scientific understanding of economics through the lens of value and its role in human interactions. The book categorizes valuable exchanges into commodities, personal services, and credits, emphasizing the importance of mutual exchanges in understanding economic mechanics. This work is notable for its methodical approach to economics and its influence on the field during the late 19th century.