The book The Elements of Political Economy was written by author Francis Wayland Here you can read free online of The Elements of Political Economy book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Elements of Political Economy a good or bad book?
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What- ever injures either works a common damage — whatever in- 76 PEODUCTION". creases the efficiency of either works a common benefit. When the representatives of these two natural partners in production are arrayed against each other, there must be something radically false and wrong in prevalent popular sentiment, or in the social organization. Forms of Capital. — The products of previous labor appear as capital in four distinct forms. 1. In the form of Materials to which present lahor is to... he applied. The farmer must have seed, manure, breeding animals, etc., which by labor must be put into fit condi- tions for tlie processes of Transmutation to produce in- crease. The manufacturer must have lumber, cotton, iron, wool, leather, etc., which labor shall Transform into articles adapted to men's comfort and gratification. The merchant's materials are the goods which make up his stock, by Transportation to be brought, with increased value, within convenient reach of those who desire them.
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