Elements of Political Economy

Name: Elements of Political Economy
Availability: OutOfStock
ISBN: 9781406700596

ISBN-10: 1406700592

ISBN-13: 9781406700596

Edition: N/A

Authors: J. Shield Nicholson

List price: $33.95

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ELEMENTS OF POLITICAL ECONOMY BY J. SHIELD NICHOLSON, M. A., D. Sc. SECOND EDITION LONDON ADAM AND CHARLES BLACK 1906 First Edition published November, 1W3 PREFACE THIS work is intended primarily for the use of students. The leading principles are stated, as far as possible, with out the introduction of controversial matter. At the same time, throughout the work indications are given of the points still in dispute and of the difficulties involved in the further development of the principles and theories of which an elementary exposition is given. The work is based on the Principles of Political Economy 3 vols. by the same author. It is, however, not simply an abstract. In the first four… books the material used has been almost entirely recast. In the last book it was thought better to omit certain topics altogether rather than attempt any further condensation of the argument. In order to keep the volume within reasonable limits the greater part of the historical matter which forms a characteristic feature of the larger work has been excluded, though the results of the application of historical method have been retained. Little space also was available for the history of economic thought and doctrines. In the text, however, the importance of these and other omitted topics has been emphasised, and the student is recommended throughout to supplement his reading by reference to special works. At the end of each chapter references are given to books which the VI PREFACE author has found useful and suggestive, and it is hoped that the selection as far as it goes is representative and impartial. I am more than usually indebted to Mr. A. B. Clark, M. A., my assistant in the University, not only for his supervision and correction of the proofs, but also for the very full index. J. SHIELD NICHOLSON. UNIVERSITY OP EDINBURGH, October, 1903. PEEFACE TO THE SECOND EDITION No substantial changes have been introduced in this edition, but a number of minor errors have been corrected and a few additions have been made to the notes. J. S. N. UNIVERSITY OF EDINBURGH, September, 1906. CONTENTS INTRODUCTORY SCOPE AND METHODS FA6B 1. The Magnitude of Economic Literature 1 2. Of the Relation of Political Economy to Other Sciences . . 3 3. The Scope and Definition of Political Economy ... 6 4. The Uses of Definitions in Economics 8 6. Rules for Definitions 10 6. The Methods of Political Economy 13 7. The Laws of Political Economy 16 8. The Difficulties of Economic Studies . 17 BOOK I CONSUMPTION AND PRODUCTION CHAPTER I. Wealth, Utility, and Consumption 1. The Popular Conception of Wealth 21 2. The Economic Analysis of Wealth 21 3. Utility and Disutility 22 4. The Relativity of Utility . 23 6. Economic Meaning of Consumption . . . .23 6. Total and Marginal Utility 24 7. Transition from the Individual to the Nation .... 26 8. The Measurement of Utility by Money Consumers 1 Surplus 26 Note on the Use of Curves in Economics Utility Curves . 29 CHAPTER II. Production and the Agents of Production 1. Meaning of Production 32 2. The Agents of Material Production 34 3. Nature 35 4. Labour 37 Vlll, CONTENTS PAGE V . Capital 41 6. The Connection between Consumption and Production . . 46 Note on the Curve representing the Quantity of Labour and the Utility of the Product 45 CHAPTER III. Division of Labour 1. Meaning of Division of Labour 47 2. Advantages of Division of Labour 48 3. Division of Labour is limited by the Extent of the Market . 50 4. The Localisation of Industry 51 6. Disadvantages of Division of Labour 52 CHAPTER IV. Production on a Large and Small Scale 1. Production on a Large Scale in Manufactures ... 56 2. Other Cases 57 3. Counteracting Causes 57 4. Joint-stock Companies 59 CHAPTER V. Production on a Large and Small Scale in Agriculture 1...

Book details

List price: $33.95
Publisher: Read Books
Binding: Paperback
Pages: 556
Size: 5.50" wide x 8.50" long x 1.24" tall
Weight: 1.540
Language: English