large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb_29
large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb
English
11381
Professor J. E. Thorold Rogers, of Oxford, also holds aloof from the methods of the old school. PROFESSOR J E THORALD ROGERS OF OXFORD ALSO HOLDS ALOOF FROM THE METHODS OF THE OLD SCHOOL
hich was a brilliant exposition of the advantages of small holdings. By far the ablest of the group, both by reason of his natural gifts and his training as a banker and financial editor, was Walter Bagehot.(51) In his “Economic Studies” (1880) he has discussed with a remarkable economic insight the postulates of political economy, and the position of Adam Smith, Ricardo, and Malthus; in his “Lombard Street” (fourth edition, 1873), the money market is pictured with a vivid distinctness which implies the possession of rare qualities for financial writing; indeed, it is in this practical way also, as editor of the London “Economist,”(52) that he made his great reputation. Of living English economists, Professor Henry Fawcett,(53) in his “Manual of Political Economy” (1865; sixth edition, 1883), is a close follower of Mill, giving special care to co-operation, silver, nationalization of land, and trades-unions. He is an exponent of the strict wages-fund theory, and a vigorous free-trader.  BRILLIANT EXPOSITION OF THE ADVANTAGES OF SMALL HOLDINGS BY FAR THE ABLEST OF THE GROUP BOTH BY REASON AND OF HIS NATURAL GIFTS IN HIS TRAINING AS A BANKER AND FINANCIAL EDITOR WAS WALTER BAGGETT IN HIS ECONOMIC STUDIES EIGHTEEN EIGHTY HE HAS DISCUSSED WITH REMARKABLE ECONOMIC INSIGHT THE POSTULATES OF POLITICAL ECONOMY AND THE POSITION OF ADAM SMITH RICARDO AND MALTHUS IN HIS LOMBARD STREET FOURTH EDITION EIGHTEEN SEVENTY THREE THE MONEY MARKET IS PICTURED WITH A VIVID DISTINCTNESS WHICH IMPLIES THE POSSESSION OF RARE QUALITIES OF FINANCIAL WRITING INDEED IT IS IN THIS PRACTICAL WAY ALSO AS EDITOR OF THE LONDON ECONOMIST THAT HE MADE HIS GREAT REPUTATION OF LIVING ENGLISH ECONOMISTS PROFESSOR HENRY FAWCETT IN HIS MANUAL OF POLITICAL ECONOMY EIGHTEEN SIXTY FIVE SIXTH EDITION EIGHTEEN EIGHTY THREE IS A CLOSE FOLLOWER OF MILK GIVING SPECIAL CARE TO CO OPERATION SILVER NATIONALIZATION OF LAND AND TRADE UNIONS HE IS AN EXPONENT OF THE STRICT WAGES FUND THEORY AND IS A VIGOROUS FREE TRADER
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