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Pragmatic or muddled? Mill sets out to explore economic principles but, ultimately, finds that there is no principle which doesn't have any amount of conceivable exceptions. You have to wonder why its ... Read full review
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accumulation Adam Smith advantage agricultural amount capital capitalist causes circulating capital circumstances commodity competition condition considerable consumed consumption corn laws cost of production cottier cultivation demand depends diminished duction effect employed employment England equal exchange value exertion exist expense farmer farms favorable fertility fixed France funds greater habits human hundred quarters improvement increase individual industry interest Ireland kind laboring classes land landlord laws of value less limited manufacture manure marriage materials means ment metayer mode natural necessary obtained occupation operations paid peasant proprietors permanent persons political economy Poor Law population portion possession present principle produce productive laborers proportion purchase quired rate of profit remuneration rent rise saving society soil subsistence sufficient supply suppose tenant things tion tivation trade Tuscany unless unproductive wages wealth whole yield
Page 197 - It is not so with the Distribution of Wealth. That is a matter of human institution solely. The things once there, mankind, individually or collectively, can do with them as they like.
Page 369 - ... first, the agreeableness or disagreeableness of the employments themselves ; secondly, the easiness and cheapness, or the difficulty and expense of learning them ; thirdly, the constancy or inconstancy of employment in them ; fourthly, the small or great trust which must be reposed in those who exercise them ; and fifthly, the probability or improbability of success in them.
Page 3 - It often happens that the universal belief of one age of mankind — a belief from which no one was, nor without an extraordinary effort of genius and courage, could at that time be free — becomes to a subsequent age so palpable an absurdity, that the only difficulty then is to imagine how such a thing can ever have appeared credible.
Page 235 - This is partly intelligible, if we consider that only through the principle of competition has political economy any pretension to the character of a science.
Page 374 - We trust our health to the physician: our fortune and sometimes our life and reputation to the lawyer and attorney. Such confidence could not safely be reposed in people of a very mean or low condition. Their reward must be such, therefore, as may give them that rank in the society which so important a trust requires.
Page 335 - The condition of the class can be bettered in no other way than by altering that proportion to their advantage ; and every scheme for their benefit which does not proceed on this as its foundation is, for all permanent purposes, a delusion " (Mil1's Principles of Political Economy, 1849, Vol.
Page 293 - ... have a plain interest that the whole produce should be as great as possible, in order that their own proportion may be so.
Page x - Nations" is in many parts obsolete, and in all, imperfect. Political Economy, properly so called, has grown up almost from infancy since the time of Adam Smith : and the philosophy of society, from which practically that eminent thinker never separated his more peculiar theme, though still in a very early stage of its progress, has advanced many steps beyond the point at which he left it. No attempt, however, has yet been made to combine his practical mode of treating his subject with the increased...
Page 373 - ... common trade, such as that of shoemakers or weavers, and you will find that the former sum will generally exceed the latter. But make the same computation with regard to all the counsellors and students of law, in all the different inns of court, and you will find that their annual gains bear but a small proportion to their annual expense, even though you rate the former as high, and the latter as low, as can well be done.