large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb_46
large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb
English
11381
Professor W. Stanley Jevons(48) put himself in opposition to the methods of the men just mentioned, and applied the mathematical process to political economy, but without reaching new results. His most serviceable work has been in the study of money, which appears in an excellent form, "The Money and Mechanism of Exchange" (1875), and in an investigation which showed a fall of the value of gold since the discoveries of 1849. In this latter he has furnished a model for any subsequent investigator. PROFESSOR W STANLEY JEVONS PUT HIMSELF IN OPPOSITION TO THE METHODS OF THE MEN JUST MENTIONED AND APPLIED THE MATHEMATICAL PROCESS TO POLITICAL ECONOMY WITHOUT REACHING NEW RESULTS HIS MOST SERVICEABLE WORK HAS BEEN IN THE STUDY OF MONEY WHICH APPEARS IN AN EXCELLENT FORM THE MONEY AND MECHANISM OF EXCHANGE EIGHTEEN SEVENTY FIVE AND IN AN INVESTIGATION WHICH SHOWED A FALL IN THE VALUE OF GOLD SINCE THE DISCOVERIES OF EIGHTEEN FORTY NINE IN THIS LATTER HE HAS FURNISHED A MODEL FOR ANY SUBSEQUENT INVESTIGATOR
 and international trade, to a rigid investigation, which has given us actual additions to our knowledge of the study. The wages-fund theory was re-examined, and was stated in a new form, although Mr. Mill had given it up. Cairnes undoubtedly has given it its best statement. His argument on free trade (Part III, chapter iv) is the ablest and strongest to be found in modern writers. This volume is, however, not a systematic treatise on all the principles of political economy; but no student can properly pass by these great additions for the right understanding of the science. His “Logical Method of Political Economy” (1875) is a clear and able statement of the process to be adopted in an economic investigation, and is a book of exceptional merit and usefulness, especially in view of the rising differences in the minds of economists as to method. A group of English writers of ability in this period have written in such a way as to win for them mention in connection with Cairnes and Mill. ORY WAS RE EXAMINED AND WAS STATED IN A NEW FORM ALTHOUGH MISTER MILL HAD GIVEN IT UP KARINS UNDOUBTEDLY HAS GIVEN IT ITS BEST STATEMENT HIS ARGUMENTS ON FREE TRADE PART THREE CHAPTER FOUR IS THE ABLEST AND STRONGEST TO BE FOUND IN MODERN WRITERS THIS VOLUME IS HOWEVER NOT A SYSTEMATIC TREATISE ON ALL THE PRINCIPLES OF POLITICAL ECONOMY BUT NO STUDENT CAN PROPERLY PASS BY THESE GREAT ADDITIONS FOR THE RIGHT UNDERSTANDING OF THE SCIENCE HIS LOGICAL METHOD OF POLITICAL ECONOMY EIGHTEEN SEVENTY FIVE IS A CLEAR AND ABLE STATEMENT OF THE PROCESS TO BE ADOPTED IN AN ECONOMIC INVESTIGATION AND IS A BOOK OF EXCEPTIONAL MERIT AND USEFULNESS ESPECIALLY IN VIEW OF THE RISING DIFFERENCES IN THE MIND OF ECONOMISTS AS TO METHOD SCARCELY ANY PREVIOUS WRITER HAS EQUALLED HIM IN LOGICAL CLEARNESS ORIGINALITY INSIGHT INTO ECONOMIC PHENOMENA AND LUCIDITY OF STYLE A GROUP OF ENGLISH WRITERS OF ABILITY IN THIS PERIOD HAVE WRITTEN IN SUCH A WAY AS TO WIN FOR THEM MENTIONED IN CONNECTION WITH CAIRNS AND MILL
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