This edition includes a modern introduction and a list of suggested further reading.
Political Economy for Beginners is a timeless introduction to the Classical Political Economy of Adam Smith, David Ricardo, and John Stuart Mill. The book was so well regarded that it broke the record for the number of editions published of an elementary textbook. In this important work, Fawcett explains the theory of production, exchange, and distribution of wealth. Although written in 1870, the key concepts in Classical Political Economy remain relevant to the development of wealth in the global economy of the twenty-first century.
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Millicent Garrett Fawcett (1847-1929) was an influential political economist and suffragist in England. As a secretary for her blind husband, first professor of Political Economics at Cambridge Henry Fawcett, she gained expert knowledge of Classical Political Economy. Deciding, therefore, to write a book to briefly explain the important principles of political economy to beginners, she quickly earned recognition, independently of Henry, as a political economist.
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