The True Basis of Economics

""The True Basis of Economics: Or The Law of Independent and Collective Human Life"" is a book written by David Starr Jordan, an American ichthyologist, educator, and peace activist. Published in 1899, the book presents Jordan's theory on the fundamental principles of economics, which he believes are rooted in the laws of nature and human life.Jordan argues that economics is not just about money and trade, but also about the interdependence and cooperation of individuals in society. He posits that the true basis of economics lies in the law of independent and collective human life, which governs the relationships between individuals and the broader community.The book is divided into three parts. The first part explores the concept of individualism and its role in economics, while the second part examines the role of the community and collective action. The third part delves into the practical applications of Jordan's theory, including discussions on labor, capital, and taxation.Throughout the book, Jordan emphasizes the importance of ethical considerations in economic decision-making. He argues that economics should be guided by principles of justice, fairness, and compassion, rather than solely by profit motives.Overall, ""The True Basis of Economics"" is a thought-provoking and insightful exploration of the fundamental principles of economics and their relationship to human life and society. It offers a unique perspective on the subject and remains relevant to contemporary economic debates.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.