Economics for Helen offers a true and simple sketch of economic principles to help our minds to return to reality. By starting with the basics, and defining simple concepts such as wealth, land, capital, labor, rent, profit, and interest, Belloc builds a picture of what is truly “necessary” about economics – the scientific and mathematical part – and what is often only claimed to be so by capitalist “conservatives” who claim to be unable (based on economic “law”!) to allow morals to factor into economic decision-making. He also provides brief discussions of the three basic types of socio-economic organization: capitalism, socialism, and the “Distributive State.” His readable, solid, and provocative treatise is a help for all who wish to disconnect mentally and practically from the unreality of modern economic life, to recover the contact with nature and real property that was once mankind’s “natural state.” Being productive will then mean not conducting on-line stock trades, but growing vegetables, learning a craft or trade, and mastering the basics of economic reality: food, shelter, clothing. Belloc wrote that “things will not get right again...until society becomes as simple as it used to be,” and on that way back to reality there will no doubt be suffering: “We shall have to go through a pretty bad time before we get back to that.” However, if the future brings suffering, it will also bring wisdom, even about things economic.
Foreword —Dr. Alberto Piedra
Introduction —Dr. Edward A. McPhail
Preface —The Publishers
Introductory Note
Part I. The Elements
I. What is Wealth?
II. The Three Things Necessary to the Production of Wealth – Land, Labour and Capital
1. Land
2. Labour
3. Capital
Points About Capital
III. The Process of Production
IV. The Three Parts into which the Wealth produced naturally divides itself – Rent, Interest, Subsistence
1. Subsistence
2. Interest
3. Rent
V. Exchange
VI. Free Trade and Protection
VII. Money
Part II. Political Applications
Introduction
I. Property: THE CONTROL OF WEALTH
II. The Servile State
III. The Capitalist State
IV. The Distributive State
V. SOCIALISM
VI. International Exchange
VII. Free Trade and Protection as Political Issues
VIII. Banking
IX. National Loans and Taxation
X. The Social (or Historical) Value of Money
1. The Actual Purchasing Power of the Currency
2. The Number of Purchasable Categories
3. The Purchasing Value of the Whole Community
XI. Usury
XII. Economic Imaginaries