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Raynor,

Economics (and one could suggest that this also applied to politics and law) is nothing more than applied history (particularly on the macro-economic end of the spectrum).

If you wish to study how 'the factors of production' (which I find a misleading and simplistic term) are applied and how variations in application result in different economic outcomes then you need to read some history. I good read which covers this over a modern period interweaving politics and law is 'Why Nations Fail' https://www.amazon.co.uk/Why-Nations-Fail-Origins-Prosperity-x/dp/1846684307

Now I have some work to do so I'll leave it ti you to make yourself look foolish.