Discussions in Economics and Statistics
Format: Paperback
ISBN13: 9780217709422
Paperback|9780217709422
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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CAIRNES' POLITICAL ECONOMY. In this his latest work, Professor Cairnes has undertaken to recast some considerable portion of political economy (preface). When it is said that his discussions cover the whole theory of value, the relations of labor and capital, and the laws of international trade, it will be seen that the portion of political economy thus to be recast is indeed very considerable. We shall obtain our best view of the scope of the present work of Professor Cairnes, as well as connect that work most clearly with his previous contributions to political economy, if we go back to the commanding position taken by this author in his treatise published in 1857 (Dublin Lectures)?a treatise which remains the ablest and most authoritative exposition of The Character and Logical Method of Political Economy. In that work, Professor Cairnes, through some very effective criticism of Mr. Senior's Oxford lectures, showed, as we think, conclusively, that political economy is to be regarded as a science positive with reference to the character of its premises, which are laid in existing facts, whether mental or physical; but hypothetical in respect to its conclusions, inasmuch as the desires, passions, and propensities which influence mankind in the pursuit of wealth are almost infinite (p. 33); and as the economist can never hope to embrace within his reasoning all of these, each in its, own proper strength, his conclusions, based on less than the whole of human nature, must remain hypothetical, i.e., true only in the absence of disturbing causes. The results he reaches will inevitably exhibit discrepancies when compared with the actual facts of human life and industry. It is at this point that Professor Cairnes corrects Mr. Senior, who had certainly appeared, in hi...
| ISBN-13 | 9780217709422 |
|---|---|
| ISBN-10 | 0217709427 |
| Weight | 0.68 Pounds |
| Dimensions | 9.00 x 6.00 x 0.47 In |
| List Price | $23.00 |
| Format | Paperback |
|---|---|
| Pages | 206 pages |
| Publisher | |
| Published On | 2009-08-01 |
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