large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb_59
large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb
English
11381
Passing by McCulloch(42) and Senior, a gifted writer, the legitimate successor of Ricardo is John Stuart Mill. PASSING BY MC CULLAK AND SENOR A GIFTED WRITER THE LEGITIMATE SUCCESSOR OF RICARDO IS JOHN STUART MILL
e thought the excess of production over the power of consumption was permanent, and attacked division of labor, labor-saving machinery, and competition. Discoveries which would supersede labor he feared would continue, and the abolition of patents, together with the limitation of population,(39) was urged. These arguments furnished excellent weapons to the socialistic agitators. Heinrich Storch(40) aimed to spread the views of Adam Smith(41) in Russia, by his “Cours d’économie politique” (1815). Without further developing the theory of political economy, he produced a book of exceptional merit by pointing out the application of the principles to Russia, particularly in regard to the effect of a progress of wealth on agriculture and manufactures; to the natural steps by which a new country changes from agriculture to a manufacturing _régime_; and to finance and currency, with an account of Russian depreciated paper since Catharine II. For the next advance, we must again look to England. ILLED 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 DISCOVERIES WHICH WOULD SUPERSEDE LABOR HE FEARED WOULD CONTINUE AND THE ABOLITION OF PATENTS TOGETHER WITH THE LIMITATION OF POPULATION WAS URGED THESE ARGUMENTS FURNISHED EXCELLENT WEAPONS TO THE SOCIALISTIC AGITATORS HEINRICH STORCH AIMED TO SPREAD THE VIEWS OF ADAM SMITH IN RUSSIA BY HIS CU DE ECONOMY POLITIC EIGHTEEN FIFTEEN WITHOUT FURTHER DEVELOPING THE THEORY OF POLITICAL ECONOMY HE PRODUCED A BOOK OF EXCEPTIONAL MERIT BY POINTING OUT THE APPLICATION OF THE PRINCIPLES TO RUSSIA PARTICULARLY IN REGARD TO THE EFFECTIVE PROGRESS OF WEALTH ON AGRICULTURE AND MANUFACTURERS TO THE NATURAL STEPS BY WHICH A NEW COUNTRY CHANGES FROM AGRICULTURE TO MANUFACTURING REGIME AND TO FINANCE AND CURRENCY WITH AN ACCOUNT OF RUSSIAN DEPRECIATED PAPER SINCE CATHERINE THE SECOND FOR THE NEXT ADVANCE WE MUST AGAIN LOOK TO ENGLAND
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