VALUE, LABOR AND CAPITAL - richard p sullivan

If you need to know or want to know what economics is or how the economy really works, this book is for you. It is written in a clear, coherent, concise and precise way. This book is easy to read and understand by anyone.

Also, this is a very unique book in the field of economics. It presents and explains the conventional and modern "Principles of Economics," but it goes far, far beyond that. It presents and explains the three major and fundamental economic theories of Value that are the basis of and determines most of the "Principles of Economics." All three of the Value theories came into existence from between about 1790 and 1890 by famous economists of the times. However, this book claims that only one of the Value theories is the valid one. It is presented (along with the other Value theories) in the first Part of this book. In the Introduction of this book, the valid Value theory is clearly defined, along with other major key economic terms and phrases. But to know and understand how the valid Value theory applies to the many "Principles of Economics," and to the economy as a whole, one has to read this book.