Econlib

The Library

Other Sites

Front Page arrow Titles (by Subject) arrow [Concluding paragraph in the 7th edition (1871)] - The Collected Works of John Stuart Mill, Volume II - The Principles of Political Economy with Some of Their Applications to Social Philosophy (Books I-II)

Return to Title Page for The Collected Works of John Stuart Mill, Volume II - The Principles of Political Economy with Some of Their Applications to Social Philosophy (Books I-II)

[Concluding paragraph in the 7th edition (1871)] - John Stuart Mill, The Collected Works of John Stuart Mill, Volume II - The Principles of Political Economy with Some of Their Applications to Social Philosophy (Books I-II) [1848]

Edition used:

The Collected Works of John Stuart Mill, Volume II - The Principles of Political Economy with Some of Their Applications to Social Philosophy (Books I-II), ed. John M. Robson, introduction by V.W. Bladen (Toronto: University of Toronto Press, London: Routledge and Kegan Paul, 1965).

Part of: Collected Works of John Stuart Mill, in 33 vols.

About Liberty Fund:

Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.


[Concluding paragraph in the 7th edition (1871)]

The present edition, with the exception of a few verbal corrections, corresponds exactly with the last Library Edition and with the People’s Edition. Since the publication of these, there has been some instructive discussion on the theory of Demand and Supply, and on the influence of Strikes and Trades Unions on wages, by which additional light has been thrown on these subjects; but the results, in the author’s opinion, are not yet ripe for incorporation in a general treatise on Political Economy.* For an analogous reason, all notice, of the alteration made in the Land Laws of Ireland by the recent Act, is deferred until experience shall have had time to pronounce on the operation of that well-meant attempt to deal with the greatest practical evil in the economic institutions of that country.

[* ]The present state of the discussion may be learnt from a review (by the author) of Mr. Thornton’s work “On Labour,” in the “Fortnightly Review” of May and June, 1869 [n.s. V, 505-18, 680-700], and from Mr. Thornton’s reply to that review in the second edition of his very instructive book.