PRINCIPLES OF PLUTOLOGY.

2

PRINCIPLES OF PLUTOLOGY.

BY

WORDSWORTH DONISTHORPE.

WILLIAMS AND NORGATE,

14, HENRIETTA STREET, COVENT GARDEN, LONDON;
AND 20, SOUTH FREDERICK STREET, EDINBURGH.

ERRATUM.

Page 34, line 2, for "Teological," read

"Teleological."

CONTENTS.

INTRODUCTION.

Signs of the Times-The name "Political Economy"-

Objections to name " Plutology"-Aim of Present

Work-Differences between Political Economy

and Plutology-Practical and Speculative

Sciences Technical Terms - Wage-fund and

Wages disappear-De Quincey on the Object

of Political Economy-Arrangement of the fol-

lowing Chapters

PAGE

1-7

CHAPTER I.

ON THE FAILURES OF POLITICAL ECONOMY.

Science of Wealth Desirable-Is Political Economy

that Science ?-Glance at its History-Adam

Smith, Ricardo, McCulloch, Mill, Bastiat, Cairnes

-Reflected Lustre of Free-Trade-Cairnes' At-

tempt to Revive Economical Science-Succeed-

ing Scepticism-Hearn-Time Arrived for True

Science of Plutology-Anarchy in Domain of

Political Economy: 1st, As to its Nature and

Object; is it Practical or Speculative? Art or

Science? 2nd, As to its Method, Inductive or

Deductive? Qualitative or Quantitative? Exact

or Hypothetical? 3rd, As to its Definitions,

Wealth, Productive Labour, Capital, Value-

Classification-Triumphs of Political Economy-

Claims of Deductive School to-1st, Adam Smith's

"Division of Labour;" 2nd, Adam Smith's

"Free-Trade;" 3rd, Malthus' "Law of Popula-

tion;" 4th, Ricardo's "Theory of Rent"-Fun-

damental Psychological Principles ! - Positive

Truths Discovered by Economists-Unobserved

Growth of Plutology-Parallel Instances-Sum-

mary of Charges against Political Economy-

Hostility of Working Classes Justified

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