ABSTRACT
In this chapter, the author's political economy treats five of the major questions of his period: monetary theory, interest theory, the problem of free versus controlled markets, the shifting and incidence of taxes and fiscal policy. The author considers monetary theory, which, reflecting the emphasis of his own period, is the most extensive and detailed part of his political economy. When considered in the light of the broad policy questions of his period, perhaps the most important part of the author's political economy is his treatment of the free-trade issue. In his analysis of the shifting and incidence of taxes, the author considers a psychological issue involved in a view commonly taken by the mercantilist writers. Though it has obvious economic relevance, as it is presented the author's population theory is only partially related to his own treatment of the various issues of political economy.
