Principles of Political Economy: With Some of Their Applications to Social Philosophy

John Stuart Mill

Longmans, Green, 1894 - Economics - 591 pages

Contents

• PRODUCTION 1 Requisites of production what: 1
• The function of labour defined CHAPTER I Of the Requisites of Production: 2
• Does nature contribute more to the efficacy of labour in some occu 15: 3
• Some natural agents limited others practically unlimited: 4
• quantity N 17 CHAPTER II Of Labour as an Agent of Production 1 Labour employed either directly about the thing produced or in operations prepa...: 7
• Labour of invention and discovery: 8
• Labour agricultural manufacturing and commercial: 9
• Labour does not produce objects but utilities: 28
• which are of three kinds: 29
• Productive labour is that which produces utilities fixed and em bodied in material objects: 30
• All other labour however useful is classed as unproductive 5 Productive and Unproductive Consumption: 32
• Labour for the supply of Productive Consumption and labour for the supply of Unproductive Consumption: 33
• Of Capital: 34
• Industry is limited by Capital: 39
• Fallacy respecting Taxation: 55
• On what depends the degree of Productiveness: 63
• superior security: 70
• 1 Pernicious direction of public opinion the subject: 77
• Of Production on a Large and Production: 81
• 3: 87
• Of the Law of the Increase of Production: 94
• The law of the increase of production depends on those of three: 96
• that tendency from time to time counteracted by improvements: 115
• Antagonist principle to the law of diminishing return the pro: 117
• BOOK II: 123
• 1 Introductory remarks: 129
• 3: 135
• is distributed: 145
• 1 Slavery considered in relation to the slaves: 151
• Continuation of the same subject: 171
• 31: 177
• 33: 178
• Of Metayers: 183
• Of Cottiers: 193
• 207: 207
• of population: 225
• Cases in which wages are fixed by custom: 244
• General tendency of profits to an equality: 248
• Of Rent: 255
• Rent does not enter into the cost of production of agricultural: 262
• Of Demand and Supply in their relation to Value: 268
• Of Cost of Production in its relation to Value: 274
• Profits an element in Cost of Production in so far as they vary: 280
• Of the Value of Money as dependent: 303
• Credit not a creation but a transfer of the means of production: 309
• the distinction of little practical importance: 322
• Of an Inconvertible Paper Currency: 328
• Depreciation of currency a tax on the community and a fraud: 334
• Of a Measure of Value: 341
• Of International Trade: 347
• which depend on the Equation of International Demand: 353
• The preceding theory not complete: 360
• Of Money considered as an Imported: 367
• metals as a commodity: 370
• Distinction between variations in the exchanges which are self: 373
• International payments of a noncommercial character: 379
• Of the Rate of Interest: 385
• The rate of interest determines the price of land and of securities: 393
• 4: 400
• Should the issue of bank notes be confined to a single esta: 408
• 4: 418
• Of the Tendency of Profits to a Minimum: 439
• 6: 445
• Abstraction of capital not necessarily a national loss: 448
• The theory of dependence and protection no longer applicable: 455
• Examples of the association of labourers with capitalists: 461
• Competition not pernicious but useful and indispensable: 476
• Four fundamental rules of taxation: 483
• The increase of the rent of land from natural causes a fit subject: 492
• An Income: 500
• 4: 507
• Of some other Taxes: 517
• Of the Ordinary Functions of Government: 531
• Law of compulsory equal division of inheritances: 540
• Laws of Partnership: 541
• Partnerships with limited liability Chartered Companies: 542
• Partnerships in commandite: 545
• Laws relating to insolvency: 548
• Of Interferences of Government grounded on Erroneous Theories 1 Doctrine of Protection to Native Industry: 552
• Usury Laws: 559
• Attempts to regulate the prices of commodities: 561
• Monopolies: 562
• Laws against Combination of Workmen: 563
• Restraints on opinion or on its publication: 566
• Of the Grounds and Limits of the Laisserfaire or NonInterference Principle 1 Governmental intervention distinguished into authoritative and unauth...: 567
• Objections to government interventionthe compulsory character of the intervention itself or of the levy of funds to support it: 568
• increase of the power and influence of government: 570
• superior efficiency of private agency owing to stronger interest in the work: 571
• importance of cultivating habits of collective action in the people: 572
• Laisserfaire the general rule: 573
• but liable to large exceptions Cases in which the consumer is an incompetent judge of the commodity Education: 575
• Case of persons exercising power over others Protection of chil dren and young persons of the lower animals Case of women not analogous: 577
• Case of contracts in perpetuity: 579
• hours of labour disposal of colonial lands: 581
• Case of acts done for the benefit of others than the persons con cerned Poor Laws: 583
• Colonization: 585
• other miscellaneous examples: 589
• Government intervention may be necessary in default of private agency in cases where private agency would be more suitable: 590

Popular passages

Page 483 - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.

Page 573 - Letting alone, in short, should be the general practice : every departure from it, unless required by some great good, is a certain evil.

Page 556 - The only case in which, on mere principles of political economy, protecting duties can be defensible, is when they are imposed temporarily (especially in a young and rising nation) in hopes of naturalizing a foreign industry, in itself perfectly suitable to the circumstances of the country.

Page 128 - If, therefore, the choice were to be made between Communism with all its chances, and the present state of society with all its sufferings and injustices; if the institution of private property...

Page 575 - Now any wellintentioned and tolerably civilized government may think without presumption that it does or ought to possess a degree of cultivation above the average of the community which it rules, and that it should therefore be capable of offering better education and better instruction to the people, than the greater number of them would spontaneously demand. Education, therefore, is one of those things which it is admissible in principle that a government should provide for the people.

Bibliographic information

• Title: Principles of Political Economy: With Some of Their Applications to Social Philosophy
• Author: John Stuart Mill
• Publisher: Longmans, Green, 1894
• Original from: Harvard University
• Digitized: Sep 25, 2007
• Length: 591 pages