Principles Of Political Economy By John Stuart Mill (Annotated)

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EBook Description

Principles of Political Economy (1848) by John Stuart Mill was arguably the most important economics or political economy textbook of the mid nineteenth century. Principles Of Political Economy By John Stuart Mill (Annotated) PDF EBook It was revised until its seventh edition in 1871, shortly before Mill's death in 1873, and republished in numerous other editions. Beside discussing descriptive issues such as which nations tended to benefit more in a system of trade based on comparative advantage (Mill's answer: those with more elastic demands for other countries' goods), the work also discussed normative issues such as ideal systems of political economy, critiquing proposed systems such as communism and socialism.Along with A System of Logic, Principles of Political Economy established Mill's reputation as leading public intellectual. Mill's sympathetic attitude in this work and in other essays toward contemporary socialism, particularly Fourierism, earned him esteem from the working class as one of their intellectual champions.

Preface and Preliminary Remarks

Mill's Principles were written in a style of prose far flung from the introductory texts of today. Devoid of the mathematical graphs and formulae that were only developed after his death, principally by Alfred Marshall, Mill wrote with the rich tone of grandeur that is found in all his books. His book continued to be used well into the twentieth century as the foundational textbook, for instance in Oxford University until 1919. Like this book? Read online this: The Global Political Economy of Intellectual Property Rights, 2nd Ed, For a New Political Economy.

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