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| Editor's introduction | ||
| Further readings | ||
| A note on the text | ||
| Prefaces | 3 | |
| Preliminary remarks | 6 | |
| Bk. I | Production | |
| Ch. I | Of the requisites of production | 19 |
| Ch. II | Of labour as an agent of production | 22 |
| Ch. III | Of unproductive labour | 28 |
| Ch. IV | Of capital | 32 |
| Ch. VI | Of circulating and fixed capital | 34 |
| Ch. VII | On what depends the degree of productiveness of productive agents | 36 |
| Ch. VIII | Of co-operation, or the combination of labour | 46 |
| Ch. IX | Of production on a large, and production on a small scale | 55 |
| Ch. X | Of the law of the increase of labor | 65 |
| Ch. XI | Of the law of the increase of capital | 69 |
| Ch. XII | Of the law of the increase of production from land | 75 |
| Ch. XIII | Consequences of the foregoing laws | 79 |
| Bk. II | Distribution | |
| Ch. I | Of property | 85 |
| Ch. II | The same subject continued | 98 |
| Ch. IV | Of competition of custom | 112 |
| Ch. V | Of slavery | 114 |
| Ch. VI | Peasant proprietors | 117 |
| Ch. VII | Continuation of the same subject | 119 |
| Ch. VIII | Of metayers | 125 |
| Ch. IX | Of cottiers | 125 |
| Ch. X | Means of abolishing cottier tenancy | 129 |
| Ch. XI | Of wages | 132 |
| Ch. XII | Of popular remedies for low wages | 141 |
| Ch. XIII | The remedies for low wages further considered | 146 |
| Ch. XIV | Of the differences in wages in different employments | 154 |
| Ch. XV | Of profits | 163 |
| Bk. III | Exchange | |
| Ch. I | Of value | 169 |
| Ch. XVII | On international trade | 172 |
| Bk. IV | Influence of the progress of society on production and distribution | |
| Ch. I | General characteristics of a progressive state of wealth | 177 |
| Ch. II | Influence of the progress of industry and population on values and prices | 180 |
| Ch. IV | Of the tendency of profits to a minimum | 183 |
| Ch. VI | Of the stationary state | 188 |
| Ch. VII | On the probable futurity of the labouring classes | 192 |
| Bk. V | On the influence of government | |
| Ch. I | Of the functions of government in general | 205 |
| Ch. II | Of the general principles of taxation | 211 |
| Ch. III | Of direct taxes | 223 |
| Ch. IV | Of taxes on commodities | 227 |
| Ch. V | Of some other taxes | 231 |
| Ch. VI | Comparison between direct and indirect taxation | 235 |
| Ch. VII | Of a national debt | 242 |
| Ch. VIII | Of the ordinary functions of government, considered as to their economical effects | 247 |
| Ch. IX | The same subject continued | 252 |
| Ch. X | Interferences of government grounded on erroneous theories | 260 |
| Ch. XI | Of the grounds and limits of the laisser-faire or non-interference principle | 277 |
| Index | 305 |
| Price | Condition | Delivery | Seller | Action |
| $99.99 | Digital |
| WonderClub |
Kelly Nash
reviewed Principles of Political Economy with Some of Their Applications to Social Philosophy on May 16, 2020
Principles of Political Economy with Some of Their Applications to Social Philosophy
For a truth, about 3/4 of this book is 18th century blabber about corn prices. Of the remaining 1/4, about 1/2 is criticism of mercantilsm, which is mostly obvious and definitely boring.
The remaining 1/8 of the book, however, is worth fighting through the rest for. Even if you've heard the explanation of the "invisible hand" a thousand times, there is something magical about reading the actual words by the father himself:
"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages."
"He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it...he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of society more effectually than when he really intends to promote it."
Big time. Seriously.
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