Political Economy
Political Economy
Free DownloadThere can be no doubt that it is most desirable to disseminate knowledge of the truths of political economy through all classes of the population by any means which may be available. From ignorance of these truths arise many of the worst social evils—disastrous strikes and lockouts, opposition to improvements, improvidence, destitution, misguided charity, and discouraging failure in many well-intended measures.
Book Excerpt
ll not labour, in such a way as #to turn the natural riches into wealth#. On the other hand, people like the Dutch live upon very poor bits of land, and yet become wealthy by skill, industry and providence. The fact is that wealth is more due to labour and ingenuity than to a good soil or climate; but all these things are needed in order that people shall become as rich as the inhabitants of England, France, the United States, or Australia.
#5. What is Wealth?# Nassau Senior, one of the best writers on political economy, defined #wealth# in these words: #Under that term we comprehend all those things, and those things only, which are transferable, are limited in supply, and are directly or indirectly productive of pleasure, or preventive of pain.# It is necessary to understand, in the first place, exactly what Senior meant. According to him, whatever is comprehended under wealth must have three distinct qualities, and whatever has these three qualities must be a part of wealth. If these qualities are r
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FEATURED AUTHOR - Alice K. Boatwright is the author of the Ellie Kent mysteries, which debuted with Under an English Heaven, winner of the 2016 Mystery and Mayhem Grand Prize for Best Mystery. The series continues with What Child Is This? and In the Life Ever After. Alice has also published other fiction, including Collateral Damage, three linked novellas about the Vietnam War era; Sea, Sky, Islands, a chapbook of stories set in Washington’s San Juan Islands; and Mrs. Potts Finds Thanksgiving, a holiday parable… Read more