large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb_20
large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb
English
11381
Discoveries which would supersede labor he feared would continue, and the abolition of patents, together with the limitation of population,(39) was urged. DISCOVERIES WHICH WOULD SUPERSEDE LABOR HE FEARED WOULD CONTINUE AND THE ABOLITION OF PATENTS TOGETHER WITH THE LIMITATION OF POPULATION WAS URGED
tant contribution to the study. Although he translated Ricardo’s book, he did not grasp the fact that rent did not enter into price. Say’s work was later supplemented by an Italian, Pellegrino Rossi,(38) who, in his “Cours d’économie politique” (1843-1851), naturalized the doctrines of Malthus and Ricardo on French soil. His work is of solid value, and he and Say have given rise to an active school of political economy in France. In Switzerland, Sismondi expounded Adam Smith’s results in his “De la richesse commerciale” (1803), but was soon led into a new position, explained in his “Nouveaux principes d’économie politique” (1819). This has made him the earliest and most distinguished of the humanitarian economists. Seeing the sufferings caused by readjustments of industries after the peace, and the warehouses filled with unsold goods, he thought the excess of production over the power of consumption was permanent, and attacked division of labor, labor-saving machinery, and competition. ORTANT CONTRIBUTION TO THE STUDY ALTHOUGH HE TRANSLATED RICARDO'S BOOK HE DID NOT GRASP THE FACT THAT RENT DID NOT ENTER INTO PRICE SE'S WORK WAS LATER SUPPLEMENTED BY AN ITALIAN PELEGRINO ROSI WHO IN HIS COUR DE ECONOMY POLITIC EIGHTEEN FORTY THREE EIGHTEEN FIFTY ONE NATURALISED THE DOCTRINES OF MALTHUS AND RICARDO ON FRENCH SOIL HIS WORK IS OF SOLID VALUE AND HE AND SAY HAVE GIVEN RISE TO AN ACTIVE SCHOOL OF POLITICAL ECONOMY IN FRANCE IN SWITZERLAND SISMUNDI EXPOUNDED ADAM SMITH'S RESULTS IN HIS DE LA RICHEZ COMMERCIAL EIGHTEEN O THREE BUT WAS SOON LED INTO A NEW POSITION EXPLAINED IN HIS NUVO PRINCIP STICKONIMIPOLITIQUE EIGHTEEN NINETEEN THIS HAS MADE HIM THE EARLIEST MOST DISTINGUISHED OF THE HUMANITARIAN ECONOMISTS SEEING THE SUFFERINGS CAUSED BY READJUSTMENTS OF INDUSTRIES AFTER THE PEACE AND THE WAREHOUSES FILLED WITH UNSOLD GOODS HE THOUGHT THE EXCESS OF PRODUCTION OVER THE POWER OF CONSUMPTION WAS PERMANENT AND ATTACKED DIVISION OF LABOR LABOR SAVING MACHINERY AND COMPETITION
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