Illustrations of Political Economy (Paperback)

This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1834. Not illustrated. Excerpt: ... PART II. In the early days of society, it is natural enough for men to take What they can find or make, without giving themselves any trouble about analyzing their wealth, or philosophizing about its distribution. When, however, the desires of some begin to interfere with those of others, and production does not, in particular instances, abound as was expected, and sudden and manifold claims for a provision arise, and can with difficulty be met, men necessarily begin, however late, to examine their resources, and investigate the demands upon them. Only very remote approaches to a true analysis may be made at first; and the consequences of a hundred pernicious mistakes must probably be borne before any thing like a fair distribution can be so much as 1 conceived of. But time and experience are certain to originate the conception, as is proved by the rise of the science of Political Economy; and there is every reason to believe that time and experience will exalt the conception into action, and lead to a wise application of the splendid apparatus of human happiness which has been confided to the hands of society. Every mistake has hitherto issued in the furtherance of this end, according to the uniform plan under which the affairs of men are administered. It has been discovered that the race cannot live upon labour without its reward, and that to be numerous is not of itself to be happy; and there is a relaxation of effort to force the multiplication of the race. It has been discovered that land of itself is not wealth, and that our condition would be deplorable if it were so, since land does not improve of itself, but deteriorates as the race which subsists upon it is multiplied. It is discovered that money is not wealth; that the tenants of different localities ...