Principles of Political Economy / Edition 1

Paperback (Print)
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $6.95
Usually ships in 1-2 business days
(Save 68%)
Other sellers (Paperback)
  • All (10) from $6.95   
  • New (5) from $13.00   
  • Used (5) from $6.95   

More About This Textbook


An experience of five years with Mr. Mill's treatise in the class-room not only convinced me of the great usefulness of what still remains one of the most lucid and systematic books yet published which cover the whole range of the study, but I have also been convinced of the need of such additions as should give the results of later thinking, without militating against the general tenor of Mr. Mill's system; of such illustrations as should fit it better for American students, by turning their attention to the application of principles in the facts around us; of a bibliography which should make it easier to get at the writers of other schools who offer opposing views on controverted questions; and of some attempts to lighten those parts of his work in which Mr. Mill frightened away the reader by an appearance of too great abstractness, and to render them, if possible, more easy of comprehension to the student who first approaches Political Economy through this author. Believing, also, that the omission of much that should properly be classed under the head of Sociology, or Social Philosophy, would narrow the field to Political Economy alone, and aid, perhaps, in [pg iv] clearer ideas, I was led to reduce the two volumes into one, with, of course, the additional hope that the smaller book would tempt some readers who might hesitate to attack his larger work. In consonance with the above plan, I have abridged Mr. Mill's treatise, yet have always retained his own words; although it should be said that they are not always his consecutive words. Everything in the larger type on the page is taken literally from Mr. Mill, and, whenever it has been necessary to use a word to complete the sense, it has been always inserted in square brackets. All additional matter introduced by me has been printed in a smaller but distinctive type. The reader can see at a glance which part of the page is Mr. Mill's and which my own.
It has seemed necessary to make the most additions to the original treatise under the subjects of the Wages Question; of Wages of Superintendence; of Socialism; of Cost of Production; of Bimetallism; of the Paper Money experiments in this country; of International Values; of the Future of the Laboring-Classes (in which the chapter was entirely rewritten); and of Protection. The treatment of Land Tenures has not been entirely omitted, but it does not appear as a separate subject, because it has at present less value as an elementary study for American students. The chapters on Land Tenures, the English currency discussion, and much of Book V, on the Influence of Government, have been simply omitted. In one case I have changed the order of the chapters, by inserting Chap. XV of Book III, treating of a standard of value, under the chapter treating of money and its functions. In other respects, the same order has been followed as in the original work.
Read More Show Less

Product Details

  • ISBN-13: 9781591021513
  • Publisher: Prometheus Books
  • Publication date: 10/25/2004
  • Series: Great Minds Series
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 710
  • Sales rank: 1,454,660
  • Product dimensions: 5.41 (w) x 8.32 (h) x 1.60 (d)

Table of Contents

Special Introduction
Mill's Preface
Preliminary Remarks
Bk. I Production
Ch. I Of the Requisites of Production
Ch. II Of Labor as an Agent of Production
Ch. III Of Unproductive Labor
Ch. IV Of Capital
Ch. V Fundamental Propositions respecting Capital
Ch. VI On Circulating and Fixed Capital
Ch. VII On what depends the degree of Productiveness of Productive Agents
Ch. VIII Of Co-operation, or the Combination of Labor
Ch. IX Of Production on a Large, and Production on a Small Scale
Ch. X Of the Law of the Increase of Labor
Ch. XI Of the Law of the Increase of Capital
Ch. XII Of the Law of the Increase of Production from Land
Ch. XIII Consequence of the foregoing Laws
Bk. II Distribution
Ch. I Of Property
Ch. II The same subject continued
Ch. III Of the Classes among whom the Produce is distributed
Ch. IV Of Competition and Custom
Ch. V Of Slavery
Ch. VI Of Peasant Proprietors
Ch. VII Continuation of the same subject
Ch. VIII Of Metayers
Ch. IX Of Cottiers
Ch. X Means of abolishing Cottier Tenancy
Ch. XI Of Wages
Ch. XII Of Popular Remedies for Low Wages
Ch. XIII The Remedies for Low Wages further considered
Ch. XIV Of the Differences of Wages in different Employments
Ch. XV Of Profits
Ch. XVI Of Rent
Bk. III Exchange
Ch. I Of Value
Ch. II Of Demand and Supply, in their relation to Value
Ch. III Of Cost of Production, in its relation to Value
Ch. IV Ultimate Analysis of Cost of Production
Ch. V Of Rent, in its Relation to Value
Ch. VI Summary of the Theory of Value
Ch. VII Of Money
Ch. VIII Of the Value of Money, as dependent on Demand and Supply
Ch. IX Of the Value of Money, as dependent on Cost of Production
Ch. X Of a Double Standard, and Subsidiary Coins
Ch. XI Of Credit, as a Substitute for Money
Ch. XII Influence of Credit on Prices
Ch. XIII Of an Inconvertible Paper Currency
Ch. XIV Of Excess of Supply
Ch. XV Of a Measure of Value
Ch. XVI Of some Peculiar Cases of Value
Ch. XVII Of International Trade
Ch. XVIII Of International Values
Ch. XIX Of money, considered as an Imported Commodity
Ch. XX Of the Foreign Exchanges
Ch. XXI Of the Distribution of the Precious Metals through the Commercial World
Ch. XXII Influence of the Currency on the Exchanges and on Foreign Trade
Ch. XXIII Of the Rate of Interest
Ch. XXIV Of the Regulation of a Convertible Currency
Ch. XXV Of the Competition of different Countries in the Same Market
Ch. XXVI Of Distribution, as affected by Exchange
Bk. IV Influence of the Progress of Society on Production and Distribution
Ch. I General Characteristics of a Progressive State of Wealth
Ch. II Influence of the Progress of Industry and Population on Values and Prices
Ch. III Influence of the Progress of Industry and Population on Rents, Profits, and Wages
Ch. IV Of the Tendency of Profits to a Minimum
Ch. V Consequences of the Tendency of Profits to a Minimum
Ch. VI Of the Stationary State
Ch. VII On the Probable Futurity of the Laboring Classes
Bk. V On the Influence of Government
Ch. I Of the Functions of Government in general
Ch. II On the General Principles of Taxation
Ch. III Of Direct Taxes
Ch. IV Of Taxes on Commodities
Ch. V Of some other Taxes
Ch. VI Comparison between Direct and Indirect Taxation
Ch. VII Of a National Debt
Ch. VIII Of the Ordinary Functions of Government, considered as to their Economical Effects
Ch. IX The same subject continued
Ch. X Of Interferences of Government grounded on Erroneous Theories
Ch. XI Of the Grounds and Limits of the Laisser-faire or Non-interference Principle
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)