The Character and Logical Method of Political EconomyW. McGee, 1869 - 184 頁 The work on the “Character and Logical Method of Political Economy” may be recommended to students as a safe guide to help them through the mazy labyrinths which the earlier stages of the study present. The purpose of the work is to ascertain the true relation of Political Economy to the Physical Sciences on the one hand, and to the Moral Sciences on the other, both as regards method and compass. The supporters and opponents of Political Economy have each done it injustice by misapprehending its aims and limits. The study, as Professor Cairnes points out and explains with inimitable clearness, does not consist in an investigation into the causes of physical facts or the evolution of psychological processes. Political Economy begins at the point at which physical science and psychological science each end. |
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... demand for and supply of their services ; and these persons , therefore , so widely different in their social position and importance , would be included by the economist in the same category . On the other hand , farmers and landlords ...
... demand and supply , but each on the utility of the functions which land , capital , and labour respectively perform in the creation of the ultimate product . Thus the distinct economic laws which regulate the distribution of wealth ...
... demand and supply ; or , more explicitly , on the relation between the amount of capital applied to the payment of wages , and the number of labourers seeking employment . But the amount of capital employed in the payment of wages ...
... demand and supply nor any other principles that can be ima- gined . " Value , " in short , would no longer have any meaning , since exchange , with the feelings of self - interest which dictate it , would cease to exist . Is it then ...
... and established the doctrines of free trade . " No commodities , " he tells us , " regulate themselves more easily or more exactly according to the effectual demand than gold and silver ; because , on account 70 ULTIMATE APPEAL TO.