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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... ordinary food of a country will be followed by a greater proportional rise in its price , than a corres- ponding diminution in the supply of an article of less imperative necessity - that a diminution , e . g . of one- third in the ...
... ordinary profit , but is simply the ordinary profit or interest which the builder of the house receives on the capital which he has sunk . * There may indeed be fluctuations in the * It will perhaps occur that the rent of land may ...
... ordinary profit . The least consideration , however , will show that this explana- tion fails to solve the difficulty ; since whatever be the fertility of the soil and the abundance of the crop , it will depend upon the price at which ...
... ordinary profits the cost of that portion of the general crop which is raised at greatest expense - and I have shown that it must be this at least - it will be more than sufficient to cover with ordinary profits the cost of that portion ...
... ordinary returns on it : if he has not , he will not invest it . But if the price cannot pemanently be less than is sufficient to cover with ordinary profits the cost of this portion , it is equally certain it cannot permanently be more ...