Length11h 40m
About this audiobook
Leon MacLaren (1910-1994) was a barrister, politician, philosopher and the founder of the School of Economic Science. He considered the true goal of Economics to be the discovery of the conditions which allow every individual to find a fulfilling life. In his view, science was a study of laws that exist in nature, whilst economics was a study of the humanities, with the interaction of human nature and the natural universe at its heart.
MacLaren defined economics as 'the study of the natural laws which govern the relationships between people in society'.
This book is based on a three-year course prepared by Leon MacLaren for the School of Economic Science in London in the late 1960s. The editor, Raymond Makewell, presents the original subject matter revised with more recent examples and statistics from Australia, Canada, New Zealand, UK and USA.
Instead of making supply and demand the starting point, it begins with the simple observation that all material wealth is ultimately derived from land, and, where goods are exchanged the first requirement is trust, or a system of credit. From this starting point the major characteristics of the modern economy such as banking, companies or corporations, international trade, taxation and trade cycles are examined in terms of the conditions that govern how and why they evolved and how they operate today.
The framework in which the economy operates is examined in terms of how the system of land tenure and the concepts of property evolved in the English-speaking world, the role of government in economic affairs, and the degree of economic freedom. This reveals how the current economic situation denies people access to all that they need to work and produce wealth for themselves.
Injustice is the inevitable result and poverty its inseparable companion.
Audiobook details
GenreBusiness and Economics
Length11 hrs 40 mins
Narrated byListen with 1,000+ voices
FormateBook with Audio
Publish dateAug 8, 2012
LanguageEnglish
Table of contents
1Acknowledgements
263.2 Natural Law
2Foreword
27Chapter 4 Further Divisions of Wealth
3Introduction
284.1 The Rise of Capitalism
4Who Was Leon Maclaren?
294.2 Secondary Claims
5Leon Maclaren’s Economics
30Chapter 5 Value
Show all chaptersShow less
6This Book
315.1 What Are Values?
7Section 1 – First Principles
325.2 Values in Operation
8Chapter 1 Preliminaries
33Chapter 6 Price
91.1 Humanity
346.1 Setting the Price
101.2 The World in Which We Live
356.2 Monopoly and Price
111.3 The Point of Interaction
366.3 Advertising and Price
121.4 Man in Society
376.4 Taxation and Price
131.5 Production
386.5 The Law of Supply and Demand
141.6 Community
396.6 Production and Price
151.7 The Significance of Land
40Chapter 7 The Means of Exchange
161.8 The Importance of Location
417.1 What is Money?
17Chapter 2 The Division of Wealth
427.2 Credit
182.1 The Primary Division of Production
43Section 2 – the Capitalist System
192.2 Determination of Earnings
44Chapter 8 Money
202.3 Determination of the Tenant’s Share
458.1 Private Money
212.4 Secondary Claims on Wealth
468.2 Public Money
222.5 Lowest Level of Earnings
478.3 Bank Money
232.6 An Historical Perspective
488.4 Conclusion
24Chapter 3 Civil and Economic Freedom
49Chapter 9 Banking
253.1 The Importance of Earnings for Civil Rights
509.1 The Evolution of Banking
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