Principles of Political Economy with Some of Their Applications to Social Philosophy (Abridged)

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Stephen Nathanson's clear-sighted abridgment of Principles of Political Economy, Mill's first major work in moral and political philosophy, provides a challenging, sometimes surprising account of Mill's views on many important topics: socialism, population, the status of women, the cultural bases of economic productivity, the causes and possible cures of poverty, the nature of property rights, taxation, and the legitimate functions of government. Nathanson cuts through the dated and less relevant sections of this large work and includes significant material omitted in other editions, making it possible to see the connections between the views Mill expressed in Principles of Political Economy and the ideas he defended in his later works, particularly On Liberty. Indeed, studying Principles of Political Economy, Nathanson argues in his general Introduction, can help to resolve the apparent contradiction between Mill's views in On Liberty and those in Utilitarianism, making it a key text for understanding Mill’s philosophy as a whole.

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Product Details

  • ISBN-13: 9780872207134
  • Publisher: Hackett Publishing Company, Inc.
  • Publication date: 3/1/2004
  • Series: Hackett Classics Series
  • Edition description: ABR
  • Pages: 352
  • Product dimensions: 5.40 (w) x 8.40 (h) x 0.80 (d)

Meet the Author

Stephen Nathanson is Professor of Philosophy, Northeastern University.
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Table of Contents

Editor's introduction
Further readings
A note on the text
Prefaces 3
Preliminary remarks 6
Bk. I Production
Ch. I Of the requisites of production 19
Ch. II Of labour as an agent of production 22
Ch. III Of unproductive labour 28
Ch. IV Of capital 32
Ch. VI Of circulating and fixed capital 34
Ch. VII On what depends the degree of productiveness of productive agents 36
Ch. VIII Of co-operation, or the combination of labour 46
Ch. IX Of production on a large, and production on a small scale 55
Ch. X Of the law of the increase of labor 65
Ch. XI Of the law of the increase of capital 69
Ch. XII Of the law of the increase of production from land 75
Ch. XIII Consequences of the foregoing laws 79
Bk. II Distribution
Ch. I Of property 85
Ch. II The same subject continued 98
Ch. IV Of competition of custom 112
Ch. V Of slavery 114
Ch. VI Peasant proprietors 117
Ch. VII Continuation of the same subject 119
Ch. VIII Of metayers 125
Ch. IX Of cottiers 125
Ch. X Means of abolishing cottier tenancy 129
Ch. XI Of wages 132
Ch. XII Of popular remedies for low wages 141
Ch. XIII The remedies for low wages further considered 146
Ch. XIV Of the differences in wages in different employments 154
Ch. XV Of profits 163
Bk. III Exchange
Ch. I Of value 169
Ch. XVII On international trade 172
Bk. IV Influence of the progress of society on production and distribution
Ch. I General characteristics of a progressive state of wealth 177
Ch. II Influence of the progress of industry and population on values and prices 180
Ch. IV Of the tendency of profits to a minimum 183
Ch. VI Of the stationary state 188
Ch. VII On the probable futurity of the labouring classes 192
Bk. V On the influence of government
Ch. I Of the functions of government in general 205
Ch. II Of the general principles of taxation 211
Ch. III Of direct taxes 223
Ch. IV Of taxes on commodities 227
Ch. V Of some other taxes 231
Ch. VI Comparison between direct and indirect taxation 235
Ch. VII Of a national debt 242
Ch. VIII Of the ordinary functions of government, considered as to their economical effects 247
Ch. IX The same subject continued 252
Ch. X Interferences of government grounded on erroneous theories 260
Ch. XI Of the grounds and limits of the laisser-faire or non-interference principle 277
Index 305
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