A History of Political Economy
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To these influences must be added those of legal reforms in tenure, and fairer conditions in contracts, which operate in the same direction. As a result of all these causes, the pressure anticipated by Ricardo is not felt, and the cry is of the landlords over falling rents, not of the consumer over rising prices. The entire conditions are in fact so altered that Professor Nicholson, no enemy to the " orthodox " economics, when recently conducting an inquiry into the present state of the agricul...tural question, ^ pronounced the so-called Ricardian theory of rent " too abstract to be of practical utility." A particular economic subject on which Ricardo has thrown a useful light is the nature of the advantages derived from foreign commerce, and the conditions under which such commerce can go on. Whilst preceding writers had repre- sented those benefits as consisting in affording a vent for surplus produce, or enabling a portion of the national capital to replace itself with a profit, he pointed out that they consist " simply and solely in this, that it enables each nation to obtain, with a given amount of labour and capital, a ^ Adam Smith says : — " It appears evidently from experience that man is, oJE all sorts of luggage, the most difi5cult to be transported " {Wealth of Nations, Bk.
What to read after A History of Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by John K John Kells Ingram to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
To these influences must be added those of legal reforms in tenure, and fairer conditions in contracts, which operate in the same direction. As a result of all these causes, the pressure anticipated by Ricardo is not felt, and the cry is of the landlords over falling rents, not of the consumer over rising prices. The entire conditions are in fact so altered that Professor Nicholson, no enemy to the " orthodox " economics, when recently conducting an inquiry into the present state of the agricul...tural question, ^ pronounced the so-called Ricardian theory of rent " too abstract to be of practical utility." A particular economic subject on which Ricardo has thrown a useful light is the nature of the advantages derived from foreign commerce, and the conditions under which such commerce can go on. Whilst preceding writers had repre- sented those benefits as consisting in affording a vent for surplus produce, or enabling a portion of the national capital to replace itself with a profit, he pointed out that they consist " simply and solely in this, that it enables each nation to obtain, with a given amount of labour and capital, a ^ Adam Smith says : — " It appears evidently from experience that man is, oJE all sorts of luggage, the most difi5cult to be transported " {Wealth of Nations, Bk.
What to read after A History of Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by John K John Kells Ingram to read onlineMoreLess
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