Principles of Political Economy -Can national growth be sustained indefinitely? How much should government intervene in a competitive market economy? The questions John Stuart Mill raised a century and a half ago, in 1848's Principles of Political Economy, and the answers he found, are just as critical-and just as contentiously debated-today. Through a lens of what the philosopher himself termed "philosophical radicalism"-and what some today call "democratic liberalism"-Mill takes a fresh look at Adam Smith's Wealth of Nations and other influential works of political thought of his time, and recasts them from a more scientific viewpoint, suggesting that such realities as the unequal distribution of wealth were not "natural" but rather a matter of human choice... choices we continue to have to make in our ever more complicated economy. Also available from Cosimo Classics: Selected Writings of John Stuart Mill and On Liberty. English philosopher and politician JOHN STUART MILL (1806-1873) was one of the foremost figure of Western intellectual thought in the late 19th century. He served as an administrator in the East Indian Company from 1823 to 1858, and as a member of parliament from 1865 to 1868. Among his essays on a wide range of political and social thought are On Liberty (1859), Considerations on Representative Government (1861), and The Subjection of Women (1869). |
Contents
| 1 | |
| 9 | |
| 23 | |
| 29 | |
Of Unproductive Labor | 44 |
Productive and Unproductive Consumption | 51 |
On Circulating and Fixed Capital | 90 |
On what depends the degree of Productiveness | 99 |
Of Slavery | 241 |
Continuation of the same subject | 272 |
Of Metayers | 289 |
Of Cottiers | 305 |
Means of abolishing Cottier Tenancy | 315 |
Of Popular Remedies for Low Wages | 345 |
The Remedies for Low Wages further con | 357 |
Of the Differences of Wages in different Employ | 369 |
5 | 106 |
Of Cooperation or the Combination of Labor | 113 |
Advantages and disadvantages of the jointstock principle | 134 |
Large and small farming compared | 142 |
Of the Law of the Increase of Labor | 152 |
Of the Law of the Increase of Capital | 159 |
Of the Law of the Increase of Production from | 173 |
Consequence of the foregoing Laws | 186 |
BOOK II | 196 |
The same subject continued | 213 |
Of the Classes among whom the Produce is dis | 231 |
Effect on wages of a class of subsidized competitors | 378 |
Wages of women why lower than those of men | 384 |
Of Rent | 405 |
tural produce | 416 |
Of Demand and Supply in their relation to Value | 426 |
Of Cost of Production in its relation to Value | 434 |
Ultimate Analysis of Cost of Production | 440 |
Of Rent in its Relation to Value | 451 |
Cases of extra profit analogous to rent | 458 |
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Common terms and phrases
accumulation Adam Smith advantage agricultural amount Arthur Young capital capitalist cause circulating capital commodities competition condition considerable consumed consumption cost of production cottier cultivation degree demand depends diminished duction Economy of France effect employment England equal equivalent exertion exist expense farmer farms favorable fixed France funds greater habits human hundred quarters improvement increase individual industry interest Ireland kind labor employed laboring classes land landlord less limited mankind manufactures manure material means ment métayer mode nature necessary objects obtained occupation operations paid peasant proprietors permanent persons plough political economy Poor Law population portion possession present principle productive labor profit proportion quantity quired rate of profit remuneration render rent saving Sismondi slavery society soil subsistence sufficient supply suppose taxes tenant things tion tivation tive Tuscany unless unproductive wages wealth whole
Popular passages
Page 4 - 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.