This volume explores the principles and systems of political economy, from the perspective of the 19th century British economy. Drawing from his extensive experience as a civil servant and economist, Musgrave offers insights into trade policies, the role of government in an economy, taxation, and more. A must-read for anyone interested in the history of economics. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.