Principles of Political EconomyPrometheus Books, 2004 - 891 стор. The standard economics textbook for more than a generation, John Stuart Mill’s Principles of Political Economy (1848) was really as much a synthesis of his predecessors’ ideas as it was an original economic treatise. Heavily influenced by the work of David Ricardo, and also taking ideas from Adam Smith and Thomas Malthus, Mill systematically demonstrated how important economic concepts could be applied to real-world situations. In his emphasis on realism, Mill thus took economics out of the realm of the abstract and placed it squarely within the context of society. For instance, he made a convincing case that wages, rent, and profit are not necessarily the expression of immutable laws that are independent of society. Rather, they are in actuality the results of social institutions and as such can be changed if the members of a society move to break traditional institutional habits. Reflecting his utilitarian social philosophy, Mill suggested that social improvements are always possible. He thus proposed modifying a purely laissez faire system, advocating trade protectionism and regulation of employees’ work hours for the benefit of domestic industries and workers’ well-being. In such features he displayed a leaning toward socialism. In summing up his objective for this massive work, Mill said later in his Autobiography (1873) that he wished "to unite the greatest individual liberty of action, with a common ownership in the raw material of the globe, and an equal participation of all in the benefits of combined labour." For anyone with an interest in the history of economics or the history of ideas, this landmark work of classical economics makes for stimulating and in many respects still very relevant reading. |
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... land can do more than this , is not merely a physical question , but depends partly on the market value of agricultural produce . What the land can do for the laborers and for the capitalist , beyond feeding all whom it directly or ...
... land can do more than this , is not merely a physical question , but depends partly on the market value of agricultural produce . What the land can do for the laborers and for the capitalist , beyond feeding all whom it directly or ...
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... land fit for cultivation , which at the existing price cannot be profitably cultivated at all , there must be some land a little better , which will yield the ordinary profit , but allow nothing for rent : and that land , if within the ...
... land fit for cultivation , which at the existing price cannot be profitably cultivated at all , there must be some land a little better , which will yield the ordinary profit , but allow nothing for rent : and that land , if within the ...
Сторінка 514
... land , and that they should be able to reissue them con- tinually until the lands were all disposed of , without having at any time more than a very moderate quantity in circulation . Their hope was frus- trated : the land did not sell ...
... land , and that they should be able to reissue them con- tinually until the lands were all disposed of , without having at any time more than a very moderate quantity in circulation . Their hope was frus- trated : the land did not sell ...
Зміст
Special Introduction | 23 |
Mills Preface | 29 |
BOOK I | 38 |
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acres Adam Smith advantage agricultural amount Arthur Young capital capitalist circulating capital competition condition considerable consumed consumption cottier cultivation demand desire of accumulation diminished duce duction East Flanders Economy of France effect employment England English eral exertion existing expense farmer favorable fixed flax France funds greater gross produce habits human hundred quarters improvement increase individual industry interest Ireland labor employed laboring classes land landlord less limited mankind manufactures manure material means ment métayer mode nature necessary nomical obtained occupation operations peasant properties peasant proprietors peasantry persons plough Political Economy Poor Law population portion possession present principle productive laborers productive power profit proportion quantity remuneration render rent require saving Sismondi slavery slaves small farms society soil subsistence sufficient supply suppose Switzerland taxes tenant tenure things tion tivate Tuscany unproductive wages wealth whole workmen