Quote by Friedrich Engels

Political economy came into being as a natural result of the expansion of trade, and with its appearance elementary, unscientific huckstering was replaced by a developed system of licensed fraud, an entire science of enrichment.


Political economy came into being as a natural result of the

Summary

This quote highlights the origins of political economy in response to the growth of trade. It argues that political economy emerged as a more sophisticated and systematic approach, replacing the previous unregulated and dishonest practices prevalent in early commerce. The quote implies that political economy transformed the field of trade into a structured and licensed system, creating a science of acquiring wealth through legitimate means.

By Friedrich Engels
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