His Principles of Economics became the authoritative text and remained so on into the first half of the twentieth century, going through eight editions in his lifetime.
Pyramid-building, earthquakes, even wars may serve to increase wealth, if the education of our statesmen on the principles of the classical economics stands in the way of anything better.
However, mathematics was not necessary for understanding the new utility theory of value, for Carl Menger did not use a single graph or equation in his Principles of Economics.
She wrote a best-selling series called Illustrations on the Political Economy, which used fables and a literary style of writing to bring the economic principles of Adam Smith to the general public.
SUPPLY AND DEMAND There is perhaps no more basic or more obvious principle of economics than the fact that people tend to buy more at a lower price and less at a higher price.
Apart from the passage already quoted above (p. 139) the only important clues to Marshall's position on the rate of interest are to be found in his Principles of Economics (6th edn. ), Book VI.
Essentially the same analysis and conclusions that Carl Menger reached in Austria in his 1871 book Principles of Economics appeared at the same time in England in W. Stanley Jevons' book The Theory of Political Economy.