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Renowned economic historian and clergyman William Cunningham (1849-1919) published this work in 1896, which is considered a companion volume to his seminal Essay on Western Civilisation. Educated at Edinburgh, Cambridge and Tübingen, Cunningham wrote widely on theology and economics. He was a Cambridge lecturer and fellow at Trinity, Professor of Economics at King's College London, a teacher at Harvard, a founding fellow of the British Academy, and President of the Royal Historical Society. Favouring historical empiricism over deductive theory, his work, labelled neo-mercantilist, was against laissez-faire and favoured economic regulation, social religion, and conservative incremental change. This book outlines these views as part of an analysis of the basic units of economic life - exchange, possessions, money, credit, selling, price, labour, trade, profit, interest, rent, wages - and how these interact within capitalism. The work strongly influenced contemporary thought and remains relevant in the historiography of economics.
Table of Contents
The Characteristic Features of Modern Civilisation
The conditions of material prosperity
Possessions and exchange
Money and other valuable things
The judgment of the seller
The wholesale dealer
The farmer and the manufacturer
Hiring, Investing, and Letting
The wage earner
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