large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb_60
large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb
English
11381
He has led in the discussion upon the fall of gold, protection, banking, and particularly upon money; an ardent free trader, he had influence enough to induce France to enter into the commercial treaty of 1860 with England. HE IS LED IN THE DISCUSSION UPON THE FALL OF GOLD PROTECTION BANKING AND PARTICULARLY UPON MONEY AN ARDENT FREE TRADER HE HAD INFLUENCE ENOUGH TO INDUCE FRANCE TO ENTER INTO THE COMMERCIAL TREATY OF EIGHTEEN SIXTY WITH ENGLAND
stical Journal” (1839) in England, there was established in Paris the “Journal des Économistes” (1842), which contains many valuable papers. On the whole, the most popular writer since J. B. Say has been Bastiat,(56) who aspired to be the French Cobden. He especially urged a new(57) view of value, which he defined as the relation established by an exchange of services; that nature’s products are gratuitous, so that man can not exact anything except for a given service. Chiefly as a foe of protection, which he regarded as qualified socialism, he has won a reputation for popular and clever writing; and he was led to believe in a general harmony of interests between industrial classes; but in general he can not be said to have much influenced the course of French thought. On value, rent, and population, he is undoubtedly unsound. A writer of far greater depth than Bastiat, with uncommon industry and wide knowledge, was Michel Chevalier,(58) easily the first among modern French economists. TY FOUR AND THE STATISTICAL JOURNAL EIGHTEEN THIRTY NINE IN ENGLAND THERE WAS ESTABLISHED IN PARIS THE GERNAL DE ECONOMIST EIGHTEEN FORTY TWO WHICH CONTAINS MANY VALUABLE PAPERS ON THE WHOLE THE MOST POPULAR WRITER SINCE J B SAY HAS BEEN BASTA WHO INSPIRED TO BE THE FRENCH COBDEN HE ESPECIALLY URGED A NEW VIEW OF VALUE WHICH HE DEFINED AS THE RELATION ESTABLISHED BY AN EXCHANGE OF SERVICES THAT NATURE'S PRODUCTS ARE GRATUITOUS SO THAT MAN CANNOT EXACT ANYTHING EXCEPT FOR A GIVEN SERVICE CHIEFLY AS A FOE OF PROTECTION WHICH HE REGARDED AS QUALIFIED SOCIALISM HE HAS WON A REPUTATION FOR POPULAR AND CLEVER WRITING AND HE IS LED TO BELIEVE IN A GENERAL HARMONY OF INTEREST BETWEEN INDUSTRIAL CLASSES BUT IN GENERAL HE CANNOT BE SAID TO HAVE MUCH INFLUENCE OVER THE COURSE OF FRENCH THOUGHT ON VALUE RENT AND POPULATION HE IS UNDOUBTEDLY UNSOUND A WRITER OF FAR GREATER DEBT THAN BASTAI WITH UNCOMMON INDUSTRY AND WIDE KNOWLEDGE WAS MICHEL CHEVALIER EASILY THE FIRST AMONG MODERN FRENCH ECONOMISTS
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