Excerpt from System of Political Economy
I commenced studying Political Economy at the time when the publication of Mr. Thornton's work on Labour had just given so rude a shock to the common belief that the science, so far as it dealt with the subjects of Value and Wages, was complete. The late Mr. J. E. Cairnes, whose lectures I had the privilege (for such I must always consider it) of attending, particularly directed the attention of his pupils to the conflict between Mr. Thornton's views and those commonly held on these subjects, and expressed his own opinion that the commonly received theory required thorough revision. His own views were afterwards given to the world in his "Leading Principles of Political Economy," published only a year before his untimely death. My attention having been by him directed to the subject, I have found reason to be dissatisfied with the common theory, with his own modification of it, and with that which Mr. Thornton would substitute in its place. I now wish to lay before the public my theories of Value and Wages, which 1 believed to be new when I adopted them, but in which I have since found that I have been forestalled, in the former case by Adam Smith and Mr. Cazenove, and in the latter by Mr. Jevons. I have thought that the theories would be likely to receive more attention if worked into a System of Political Economy, and I have, therefore, in the following pages, discussed most of the questions commonly dealt with in treatises on the science.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. Это и многое другое вы найдете в книге System of Political Economy (Classic Reprint) (John Lancelot Shadwell)