Front Page Titles (by Subject) Summary of Principles illustrated in the first Volume. - Illustrations of Political Economy, vol. 1 (Life in the Wilds, Hill and the Valley, Brooke and Brooke Farm)
Return to Title Page for Illustrations of Political Economy, vol. 1 (Life in the Wilds, Hill and the Valley, Brooke and Brooke Farm)
The Online Library of Liberty
A project of Liberty Fund, Inc.
Summary of Principles illustrated in the first Volume. - Harriet Martineau, Illustrations of Political Economy, vol. 1 (Life in the Wilds, Hill and the Valley, Brooke and Brooke Farm) 
Illustrations of Political Economy (3rd ed) in 9 vols. (London: Charles Fox, 1832). Vol. 1.
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.
The text is in the public domain.
Fair use statement:
This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.
Summary of Principles illustrated in the first Volume.
Wealth consists of such commodities as are useful,—that is, necessary or agreeable to mankind.
Wealth is to be obtained by the employment of labour on materials furnished by nature.
As the materials of nature appear to be inexhaustible, and as the supply of labour is continually progressive, no other limits can be assigned to the operations of labour than those of human intelligence? And where are the limits of human intelligence?
Productive labour being a beneficial power, whatever stimulates and directs this power is beneficial also.
Many kinds of unproductive labour do this. Many kinds of unproductive labour are therefore beneficial.
All labour for which there is a fair demand is equally respectable.
Labour being a beneficial power, all economy of that labour must be beneficial.
Labour is economized,
I. By Division of Labour;-—in three ways.
1. Men do best what they are accustomed to do.
2. Men do the most quickly work which they stick to.
3. It is a saving of time to have several parts of a work going on at once.
Labour is economized,
II. By the use of machinery, which
1. Eases man's labour.
2. Shortens man's labour; and thus, by doing his work, sets him at liberty for other work.
Labour should be protected by securing its natural liberty: that is,—
1. By showing no partiality.
2. By removing the effects of former partiality.