Principles of Political Economy
- Language:
- English
- Status:
- Complete work
- Authorship:
- Written by the author
- Condition of the text:
- Clean text · 5 illegible passages, excluded from answers
- Extent:
- ~260,000 words · 1,243 passages
Cite this work
- APAJohn Stuart Mill. (n.d.). Principles of Political Economy. SigPhi. https://sigphiai.com/en/works/john-stuart-mill/principles-of-political-economy
- MLAJohn Stuart Mill. "Principles of Political Economy." SigPhi, https://sigphiai.com/en/works/john-stuart-mill/principles-of-political-economy.
- ChicagoJohn Stuart Mill. Principles of Political Economy. SigPhi. https://sigphiai.com/en/works/john-stuart-mill/principles-of-political-economy.
What it is about
Mill's treatise on economics: production, distribution, exchange, and a final book on what government should and should not do.
Context and history
Published in 1848, it was the economics textbook of a whole generation. The distinction that makes it matter is between the laws of production, which Mill takes to be natural, and those of distribution, which he takes to be human institutions and therefore alterable: that separation is the door through which all later argument about reform enters. He revised successive editions in an increasingly socialist direction, so it is useful to know which edition one has.
Editorial context, not a citable source: unlike the passages of the work itself, these statements cannot be checked against the corpus.
§ 3. Distinction Between Labor for the Supply of Productive Consumption and Labor for the Supply of Unproductive Consumption. Chapter III. Of Capital. § 1. Capital is Wealth Appropriated to Reproductive Employment. § 2. More Capital Devoted to Production than Actually Employed in it. § 3. Examination of Cases Illustrative of the Idea of Capital. Chapter IV. Fundamental Propositions Respecting Capital. § 1. Industry is Limited by Capital. § 2. Increase of Capital gives Increased Employment to Labor, Without Assignable Bounds. § 3. Capital is the result of Saving, and all Capital is Consumed. § 4. Capital is kept up by Perpetual Reproduction, as shown by the Recov
What is Principles of Political Economy about?Summarize Principles of Political Economy brieflyWhat are the key ideas in Principles of Political Economy?
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