New Book Offers Abridged Compendium Of Two Treatises On Economics Written In Traditional Chinese
RALEIGH, N. C. (PRWEB) July 17, 2017 -- Cambridge Brighton’s new book “Treatises on Economics (Chinese)” (published by Lulu), is a compendium of two treatises on economics which were developed during the Industrial Revolution written in traditional Chinese – Mandarian.
The two treatises contained in the book are “Wealth of Nations,” published by Adam Smith, a classical economist who served as the commissioner of customs of Scotland, in 1776 and “Principles of Economics,” published by Alfred Marshall, a philosopher and an economist who founded the neoclassical economic theory, in 1890.
In “The Wealth of Nations,” Adam Smith theorized that some nations have access to wealth through key factors that dominate the national economy. Brighton writes that Smith argued that primarily, a nation’s wealth is largely based on its national productivity, its balance of trade, as well as the proper employment of capital. According to Brighton, Smith also posits that the proper administration of the national public trust – namely its gold and silver reserves, taxation and public debt – are essential to any nation’s survival.
Alfred Marshall’s “Principles of Economics,” presents a comprehensive theory of consumption and production, according to Brighton. Marshall’s consumption and production theories include consumer demand, utility, marginal utility, costs of production and marginal cost. His market theories include the laws of supply and demand, price equilibrium and price theory. Brighton notes that Marshall’s theories on production, consumption and market price are the foundations of modern economic theories that are still widely used today.
Brighton says this book will appeal to Chinese readers who have an interest in economics, stating that this book will help readers gain a better understanding of the classical and neo-classical theories of economics.
“Treatises on Economics (Chinese)”
By Cambridge Brighton
Softcover | 6 x 9 in | 362 pages | ISBN 5800122269942
Available at Amazon and Barnes & Noble
About the Author
Cambridge Brighton is an educator with an interest in economic theory.
Lulu empowers people of all ages to explore and express their interests, passions and expertise through books, photography and art. Since introducing self-publishing in 2002, Lulu has empowered creators in more than 225 countries and territories to produce nearly two million publications. Lulu Jr. allows children to become published authors, encouraging creativity, strengthening literacy and building self-esteem. Picture.com offers professional photography of collegiate and professional sports, memorable and historic events, fine art and home décor. For more information, please visit http://www.lulu.com.
Marketing Services, LULU, 888-265-2129, [email protected]
Share this article