Principles of Political Economy with Some of Their Applications to Social Philosophy, Volume 1

John Stuart Mill

Longman, Green, Longman, Robert and Green, 1865 - Economics - 591 pages

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Table of Contents

PRODUCTION	1

but does not always come up to that limit	2

Increase of capital gives increased employment to labour without assignable bounds	3

Capital is the result of saving	4

All capital is consumed	5

Capital is kept up not by preservation but by perpetual repro duction	6

Why countries recover rapidly from a state of devastation	7

Effects of defraying government expenditure by loans	8

89	325

Of an Inconvertible Paper Currency	328

Depreciation of currency a tax on the community and a fraud	334

A Measure of Exchange Value in what sense possible	342

Money imported in two modes as a commodity and as a medium	360

CHAPTER XXI	374

Influence of Currency on the Exchanges	380

The rate of interest determines the price of land and of securities	393

Demand for commodities is not demand for labour	9

Fallacy respecting Taxation CHAPTER VI Of Circulating and Fixed Capital	10

Of Labour as an Agent of Production	19

Of Unproductive Labour	28

Of Capital	34

but this seldom if ever occurs	39

41	41

of Productive Agents 1 Land labour and capital are of different productiveness at diffe rent times and places	63

Causes of superior productiveness Natural advantages 3 greater energy of labour	65

superior skill and knowledge 5 6	66

Of Cooperation or the Combination of Labour	71

Of Competition and Custom	77

Combination of Labour a principal cause of superior productiveness 2 Effects of separation of employments analysed 3 Combination of labour betw...	80

Of Production on a Large and Production on a Small Scale	81

Advantages of the large system of production in manufactures 2 Advantages and disadvantages of the jointstock principle 3 Conditions necessary for...	89

Of the Law of the Increase of Labour 1 The law of the increase of production depends on those of three elements Labour Capital and Land	96

Of the Law of the Increase of Production	108

Consequences of the foregoing Laws	117

BOOK II	123

of St Simonism and Fourierism	130

Of Slavery	151

3	157

5	164

Continuation of the same subject	171

NRLR28 71	178

Of Metayers	183

73	188

Of Cottiers	193

77	206

Wages depend on the demand and supply of labourin other	207

and by large measures of immediate relief through foreign	231

Differences of wages arising from restrictive laws and from combi	243

The rate of profit depends on the Cost of Labour	253

EXCHANGE	263

Of Cost of Production in its relation to Value	274

Commodities which are susceptible of indefinite multiplication	280

CHAPTER VI	290

87	302

The value of money in a state of freedom conforms to the value	304

The influence of bank notes bills and cheques on price a part	316

the distinction of little practical importance	322

4	400

Should the issue of bank notes be confined to a single esta	408

Of Distribution as affected by Exchange	416

The Law of Population 97	418

Influence of the Progress of Industry	424

Influence of the Progress of Industry	430

Doctrine of Adam Smith on the competition of capital	439

Abstraction of capital not necessarily a national loss	448

On the Probable Futurity of the Labouring	455

BOOK V	479

A land tax in some cases not taxation but a rentcharge in favour	492

Of Taxes on Commodities	504

Of some other Taxes	517

Of a National Debt	526

Effects of imperfection in the system of the laws and in the admi	533

Law of compulsory equal division of inheritances	540

Laws of Partnership	541

Partnerships with limited liability Chartered Companies	542

Partnerships in commandite	545

Laws relating to insolvency	548

Of Interferences of Government grounded on Erroneous Theories 1 Doctrine of Protection to Native Industry	552

Usury Laws	559

Attempts to regulate the prices of commodities	561

Monopolies	562

Laws against Combination of Workmen	563

Restraints on opinion or on its publication	566

Of the Grounds and Limits of the Laisserfaire or NonInterference Principle 1 Governmental intervention distinguished into authoritative and unauth...	567

Objections to government interventionthe compulsory character of the intervention itself or of the levy of funds to support it	568

increase of the power and influence of government	570

superior efficiency of private agency owing to stronger interest in the work	571

importance of cultivating habits of collective action in the people	572

Laisser faire the general rule	573

but liable to large exceptions Cases in which the consumer is an incompetent judge of the commodity Education	575

Case of persons exercising power over others Protection of chil dren and young persons of the lower animals Case of women not analogous	577

Case of contracts in perpetuity	579

hours of labour disposal of colonial lands	581

Case of acts done for the benefit of others than the persons con cerned Poor Laws	583

Colonization	585

other miscellaneous examples	589

Government intervention may be necessary in default of private agency in cases where private agency would be more suitable	590

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Common terms and phrases

Adam Smith advantage agricultural amount bank Bank of England capitalist causes circulating capital cloth commodities condition consumed consumption cost of production crease cultivation currency dealers demand depend diminished duce duction ductive effect employment England equal equivalent exchange exertion exist expense exports farmer farms favourable foreign France funds Germany greater human hundred quarters important improvement increase industry interest labour and capital labouring classes land landlord law of value less limited linen manufacture material means ment metals metayer mode modities nations natural necessary obtained operations paid payment peasant permanent persons political economy population portion possession principle produce productive labourers profit proportion proprietors purchase purpose quantity rate of profit remuneration rent rise saving society soil subsistence sufficient sumers supply suppose things tical tion tivation trade unproductive value of money wages wants wealth whole

Bibliographic information

Title	Principles of Political Economy with Some of Their Applications to Social Philosophy, Volume 1
Author	John Stuart Mill
Edition	6
Publisher	Longman, Green, Longman, Robert and Green, 1865
Original from	Sapienza University of Rome
Digitized	25 Oct 2013
Length	591 pages

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