General Treatises on Economics

About this Collection

These treatments of economics present the basic assumptions about economic life and human behaviour on which economics is based; the main principles of the discipline; how the different branches of economics are related; and the author’s own perspective on the discipline.

Key People

Titles & Essays

Capital: A Critique of Political Economy. Volume I: The Process of Capitalist Production

Karl Marx (author)

Vol. I of the major work of criticism of the capitalist system by one of the leading theorists of socialism. Only vol. 1 appeared in Marx’s lifetime; the other two vols. were published postumously by Engels. Marx prided himself on…

Capital: A Critique of Political Economy. Volume II: The Process of Circulation of Capital

Karl Marx (author)

Vol. II of the major work of criticism of the capitalist system by one of the leading theorists of 19th century socialism. Only vol. 1 appeared in Marx’s lifetime; the other two vols. were published postumously by Engels. Marx prided…

Capital: A Critique of Political Economy. Volume III: The Process of Capitalist Production as a Whole

Karl Marx (author)

Vol. III of the major work of criticism of the capitalist system by one of the leading theorists of socialism. Only vol. 1 appeared in Marx’s lifetime; the other two vols. were published postumously by Engels. Marx prided himself on…

The Character and Logical Method of Political Economy

John Elliot Cairnes (author)

The book consists of lectures Cairnes gave to explain the basic principles behind classical economics.

The Collected Works of John Stuart Mill, Volume II - The Principles of Political Economy I

John Stuart Mill (author)

Vol. 2 of the 33 vol. Collected Works contains Part 1 of Mill’s Principles of Political Economy.

The Collected Works of John Stuart Mill, Volume III - Principles of Political Economy Part II

John Stuart Mill (author)

Vol. 3 of the 33 vol. Collected Works contains Part 2 of Mill’s Principles of Political Economy.

Cost and Choice: An Inquiry in Economic Theory, Vol. 6 of the Collected Works

James M. Buchanan (author)

Vol. 6 of The Collected Works. A short work in which Buchanan develops his ideas on opportunity cost. He takes an individualist and subjectivist perspective and attempts to integrate this into the orthodox classical and neoclassical…

The Commonsense of Political Economy

Philip H. Wicksteed (author)

Contemporaneously with, though slightly following, Marshall, this book was one of the first “modern” textbooks leading from the 19th into the 20th century. Wicksteed substantively furthered the work of John Bates Clark on marginal…

Cours d’Economie Politique

Gustave de Molinari (author)

A 2 volume textbook on classical liberal political economy written by one of the leaders of the French laissez-faire school. It was written when Molinari was in exile in Belgium following the 1848 Revolution.

Cours d’Economie Politique vol. 1

Gustave de Molinari (author)

Vol. 1 of a 2 volume textbook on classical liberal political economy written by one of the leaders of the French laissez-faire school. It was written when Molinari was in exile in Belgium following the 1848 Revolution.

Cours d’Economie Politique vol. 2

Gustave de Molinari (author)

Vol. 2 of a 2 volume textbook on classical liberal political economy written by one of the leaders of the French laissez-faire school. It was written when Molinari was in exile in Belgium following the 1848 Revolution.

Definitions in Political Economy

Thomas Robert Malthus (author)

Malthus criticises a number of classical economists (such as Smith, Say, Ricardo, McCulloch). Say is given particular attention over the idea of value. Malthus then offers his own definitions of 70 economic concepts.

The Distribution of Wealth: A Theory of Wages, Interest and Profits

John Bates Clark (author)

This 1908 edition is the third reprinting of Clark’s path-breaking, yet widely under-read, 1899 textbook, in which he developed marginal productivity theory and used it to explore the way income is distributed between wages,…

Economic Harmonies (FEE ed.)

Frédéric Bastiat (author)

This is the translation by the Foundation for Economic Education of Bastiat’s longest and best known work Economic Harmonies. A new translation of this work by Liberty Fund is in progress. See the Summary of the Bastiat Project for…

Economics, 2 vols.

Frank A. Fetter (author)

Fetter’s 2 volume survey of economics written while he was a professor at Princeton University.

Economics, vol. 1: Economic Principles

Frank A. Fetter (author)

Volume 1 of Fetter’s 2 volume survey of economics written while he was a professor at Princeton University. Vol. 1 contains chapters on value and price, rent, wages, time-value and interest, enterprise and profit, and dynamic…

Economics, vol. 2: Modern Economic Problems

Frank A. Fetter (author)

Vol. 2 of Fetter’s 2 volume survey of economics written while he was a professor at Princeton University. In this volume he deals the following problems: money and princes, banking and insurance, tariffs and taxation, wages and…

Elements of Political Economy (3rd ed. 1844)

James Mill (author)

James Mill’s work offers excellent summaries of diminishing marginal returns in Chapter II, of comparative advantage in Chapter III, Section V, of the quantity theory of money and the market for foreign exchange in Chapter II, and of…

Grundsätze der Volkswirtschaftslehre

Carl Menger (author)

One of the works which appeared independently in 1871 (along with a work by Jevons and Walras) which revolutionized thinking about economics. The theory of marginal utility and new ways of thinking about marginal value and price…

Human Action: A Treatise on Economics (FEE ed.)

Ludwig von Mises (author)

The first comprehensive treatise on economics written by a leading member of the modern Austrian school of economics.

An Inquiry into the Nature and Causes of the Wealth of Nations (Cannan ed.), in 2 vols.

Adam Smith (author)

Cannan’s justly famous early 20th century edition of Smith’s Wealth of Nations with his introduction and notes.

An Inquiry Into the Nature and Causes of the Wealth of Nations (Cannan ed.), vol. 1

Adam Smith (author)

Cannan’s justly famous early 20th century edition of Smith’s Wealth of Nations with his introduction and notes.

An Inquiry Into the Nature and Causes of the Wealth of Nations (Cannan ed.), vol. 2

Adam Smith (author)

Cannan’s justly famous early 20th century edition of Smith’s Wealth of Nations with his introduction and notes.

Introductory Lectures on Political Economy

Richard Whately (author)

Whately followed Nassau Senior as Professor of Political Economy at the University of Oxford. He brought logical clarity to the previously murky relationship between morals and the underpinnings of economics. These are a serious of…

Lectures on Political Economy

Mountifort Longfield (author)

A series of lectures Longfield gave in 1833 at Trinity College, Dublin. One of his key points was that wages could not be raised artificially by the actions of trade unions but reflected the supply and demand for labor.

Lectures on Political Economy, 2 vols.

Dugald Stewart (author)

Lectures given at the University of Edinburgh in the first decade of the 19th century. Volume 1 contains his lectures on population, productive and unproductive labour, and money. Volume 2 contains his lectures on free trade,…

Lectures on Political Economy, vol. 1

Dugald Stewart (author)

Lectures given at the University of Edinburgh in the first decade of the 19th century. Volume 1 contains his lectures on population, productive and unproductive labour, and money.

Lectures on Political Economy, vol. 2

Dugald Stewart (author)

Lectures given at the University of Edinburgh in the first decade of the 19th century. Volume 2 contains his lectures on free trade, taxation, the Poor Laws, education, and his theory of government.

Market Theory and the Price System (2011)

Israel M. Kirzner (author)

The second volume in Liberty Fund’s The Collected Works of Israel M. Kirzner series, Market Theory and the Price System was published in 1963 as Kirzner’s only textbook. The basic aim of Market Theory is to utilize the tools of…

Das National System der politischen Oekonomie

Friedrich List (author)

A German language edition of List’s work in favor of internal free trade but high protection for the national economy.

The National System of Political Economy

Friedrich List (author)

A German historian who wrote in favor of protective tariffs and trade retaliations between industrial nations, even if they maintain free trade within each country. During the 1820s, he lived in Pennsylvania, where he contributed to…

Oeuvres complètes de Frédéric Bastiat, 1st ed. vol. 6 Harmonies économiques

Frédéric Bastiat (author)

Vol. 6 of the 1st edition of Bastiat’s works contains the 3rd revised edition of Bastiat’s magnum opus Harmonies économiques. The first incomplete edition was published in early in 1850. The second was posthumously published and…

Political Economy

Francis Amasa Walker (author)

One of the most widely used economics text books in 19th century America.

Political Economy (1850 ed.)

Nassau William Senior (author)

This work is a summary statement of the nature of economic thought by one of the leading theorists of the English classical school in the mid-19th century.

Popular Political Economy. Four lectures delivered at the London Mechanics Institution

Thomas Hodgskin (author)

Thomas Hodgskin, an officer in the British Navy who later worked for The Economist, was one of the earliest popularizers of economics for audiences of non-economists. He gave lectures on free trade, the corn laws, and labor to “…

The Positive Theory of Capital

Eugen von Böhm-Bawerk (author)

The second volume of Boehm-Bawerk’s monumental three volume work on Capital and Interest.

The Postulates of English Political Economy

Walter Bagehot (author)

Alfred Marshall, in his introduction to this book, argued that Bagehot provided a useful service to readers by removing the older and less understood Ricardian aspects from political economy and reworking them. Bagehot in turn in his…

Principles of Economics (8th ed.)

Alfred Marshall (author)

This is the 8th edition of what is regarded to be the first “modern” economics textbook, leading in various editions from the 19th into the 20th century. The final 8th edition was Marshall’s most-used and most-cited.

The Principles of Political Economy (5th ed. 1864)

John Ramsay McCulloch (author)

A revised and expanded edition of McCulloch’s major treatise on the principles of political economy.

The Principles of Political Economy (1st ed. 1825)

John Ramsay McCulloch (author)

The first edition of McCulloch’s major treatise on the principles of political economy. This became the standard text in classical political economics until it was replaced by J.S. Mill’s Principles in 1848. it went through many…

Principles of Political Economy

Thomas Robert Malthus (author)

The first edition was published in 1820. This is the second edition of 1836. It is one of the major works in the classical school of political economy along with Smith’s Wealth of Nations and Ricardo’s Principles of Political Economy…

Principles of Political Economy (Ashley ed.)

John Stuart Mill (author)

Principles of Political Economy, with some of their Applications to Social Philosophy was published in 1848 in London and was republished with changes and updates a total of seven times in Mill’s lifetime. The edition presented here…

The Theory of Political Economy

William Stanley Jevons (author)

One of three seminal works published in 1871 (along with Walras and Menger) which introduced the idea of the marginal theory of utility and thus a revolution in economic thinking.

A Treatise on Political Economy

Jean-Baptiste Say (author)

One of the most influential works on Political Economy in the 19thC. It set the stage for the development of the study of political economy in France and an early translation into English helped make it become the most used economics…

Vorlesungen über Nationalökonomie auf Grundlage des Marginalprinzipes. Vol. 1

Margarethe Langfeldt (translator)

Volume 1 of a two volume set of lectures given by Wicksell. He bases his ideas on the idea of the marginal principle and covers topics such as population, value, production and distribution, and the growth of capital. It is in…

Vorlesungen über Nationalökonomie auf Grundlage des Marginalprinzipes. Vol. 2

Margarethe Langfeldt (translator)

Volume 2 of a two volume set of lectures given by Wicksell. He bases his ideas on the idea of the marginal principle and covers topics such as money, credit, and banking. It is in German.

Walter Bagehot, a memoir by Richard Holt Hutton

Related Links:

Walter Bagehot

Source: Walter Bagehot, The Works and Life of Walter Bagehot, ed. Mrs. Russell Barrington. The Works in Nine Volumes. The Life in One Volume. (London: Longmans, Green, and Co., 1915). Vol. 1.…

Wealth: A Brief Explanation of the Causes of Economic Wealth

Edwin Cannan (author)

Cannan provides a brief survey of the basic principles of economics, the division of labour, the nature of demand, income, and concludes with his own chapter on “the wealth of nations.” It is based upon his lectures to first year at…

The Works and Correspondence of David Ricardo, Vol. 1 Principles of Political Economy and Taxation

David Ricardo (author)

On the Principles of Political Economy and Taxation provides analysis of the allocation of money between capitalists, landowners, and agricultural workers in Britain. Through this analysis, Ricardo came to advocate free trade and…

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Quotes

Socialism & Interventionism

Bastiat criticizes the socialists of wanting to be the “Great Mechanic” who would run the “social machine” in which ordinary people were merely so many lifeless cogs and wheels (1848)

Frédéric Bastiat

Taxation

David Ricardo considered taxation to be a “great evil” which hindered the accumulation of productive capital and reduced consumption (1817)

David Ricardo

Economics

David Ricardo on Taxation

David Ricardo

Economics

Destutt de Tracy on society as “nothing but a succession of exchanges” (1817)

Antoine Louis Claude, Comte Destutt de Tracy

Economics

Jean-Baptiste Say argues that there is a world of difference between private consumption and public consumption; an increase in the latter does nothing to increase public wealth (1803)

Jean-Baptiste Say

Free Trade

Jean-Baptiste Say regards regulations which favor producers as a form of political privilege at the expence of the community (1803)

Jean-Baptiste Say

Socialism & Interventionism

Ludwig von Mises argues that monopolies are the direct result of government intervention and not the product of any inherent tendency within the capitalist system (1949)

Ludwig von Mises

Economics

Ludwig von Mises argues that the division of labor and human cooperation are the two sides of the same coin and are not antagonistic to each other (1949)

Ludwig von Mises

War & Peace

Ludwig von Mises laments the passing of the Age of Limited Warfare and the coming of Mass Destruction in the Age of Statism and Conquest (1949)

Ludwig von Mises

Money & Banking

Ludwig von Mises lays out five fundamental truths of monetary expansion (1949)

Ludwig von Mises

Property Rights

McCulloch argues that the right to property extends to “the faculties of (one’s) mind and the powers of (one’s) body” (1864)

John Ramsay McCulloch

Free Trade

Mises on how the “boon” of a tariff privilege is soon dissipated (1949)

Ludwig von Mises

Free Trade

Mises on how the “boon” of a tariff privilege is soon dissipated (1949)

Ludwig von Mises

Economics

Mises on the interconnection between economic and political freedom (1949)

Ludwig von Mises

Socialism & Interventionism

Nassau Senior objected to any government regulation of factories which meant that a horde of inspectors would interfere with the organization of production (1837)

Nassau William Senior

Economics

Paul Heyne on THE economic way of thinking (1995)

Paul Heyne

Economics

Philip Wicksteed on how impersonal economic relations help others (1910)

Philip H. Wicksteed

Economics

Philip Wicksteed on “non-tuism” in economic relations (1910)

Philip H. Wicksteed

Economics

Philip Wicksteed’s positive vision of the “cash nexus” (1910)

Philip H. Wicksteed

Economics

Wicksteed on the subjective theory of value and on opportunity costs (1910)

Philip H. Wicksteed