Principles of Political Economy

Principles of Political Economy

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Principles of Political Economy by John Stuart Mill

Published:

1885

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647

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Principles of Political Economy

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Abridged, with Critical, Bibliographical,and Explanatory Notes, and a Sketchof the History of Political Economy,ByJ. Laurence Laughlin, Ph. D.

Book Excerpt

ogress Of Industry And Population On Values And Prices.

§ 1. Tendency of the progress of society toward increased Command over the powers of Nature; increased Security, and increased Capacity of Co-Operation.

§ 2. Tendency to a Decline of the Value and Cost of Production of all Commodities.

§ 3. --except the products of Agriculture and Mining, which have a tendency to Rise.

§ 4. --that tendency from time to time Counteracted by Improvements in Production.

§ 5. Effect of the Progress of Society in moderating fluctuations of Value.

* Chapter II. Influence Of The Progress Of Industry And Population On Rents, Profits, And Wages.

§ 1. Characteristic features of industrial Progress.

§ 2. First two cases, Population and Capital increasing, the arts of production stationary.

§ 3. The arts of production advancing, capital and population stationary.

§ 4. Theoretical results, if all three Elements progressi

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