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Principles of Political Economy (Ashley ed.)

John Stuart Mill originally wrote the Principles of Political Economy, with some of their Applications to Social Philosophy very quickly, having studied economics under the rigorous tutelage of his father, James, since his youth. It was published in 1848 in London and was republished with changes and updates a total of seven times in Mill’s lifetime. The edition presented here is that prepared by W. J. Ashley in 1909, based on Mill’s 7th edition of 1870. Ashley followed the 7th edition with great care, noting changes in the editions in footnotes and in occasional square brackets within the text. The text provides English translations to several lengthy quotations originally quoted by Mill in French.

Principles of Political Economy with some of their Applications to Social Philosophy, ed. William James Ashley (London: Longmans, Green and Co., 1909, 7th ed.).

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Author: John Stuart Mill
Editor: Sir William James Ashley

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Introduction
Preface [1848]
[Addition to the Preface in the Second Edition, 1849]
Preface to the Third Edition [July, 1852]
[Addition to the Preface in the Fourth Edition, 1857]
[Addition to the Preface in the Fifth Edition, 1862]
[Addition to the Preface in the Sixth, Edition, 1865]
[Addition to the Preface in “The People's Edition,” 1865]
Preface to the Seventh Edition [1871]∗
CONTENTS
PRINCIPLES OF POLITICAL ECONOMY
PRELIMINARY REMARKS
BOOK I: PRODUCTION
CHAPTER I: of the requisites of production
CHAPTER II: of labour as an agent of production
CHAPTER III: of unproductive labour
CHAPTER IV: of capital
CHAPTER V: fundamental propositions respecting capital
CHAPTER VI: on circulating and fixed capital
CHAPTER VII: on what depends the degree of productiveness of productive agents
CHAPTER VIII: of co-operation, or the combination of labour
CHAPTER IX: of production on a large, and production on a small scale
CHAPTER X: of the law of the increase of labour
CHAPTER XI: of the law of the increase of capital
CHAPTER XII: of the law of the increase of production from land
CHAPTER XIII: consequences of the foregoing laws
Book II.: DISTRIBUTION.
CHAPTER I.: of property
CHAPTER II.: the same subject continued
Chapter III.: Of the classes among whom the produce is distributed
CHAPTER IV.: of competition and custom
CHAPTER V.: of slavery
CHAPTER VI.: of peasant proprietors
CHAPTER VII.: continuation of the same subject
CHAPTER VIII.: of Metayers
CHAPTER IX.: of Cottiers
CHAPTER X.: means of abolishing cottier tenancy
CHAPTER XI.: of Wages
CHAPTER XII.: of Popular Remedies for Low Wages
CHAPTER XIII.: the remedies for low wages further considered
CHAPTER XIV.: of the differences of wages in different employments
CHAPTER XV.: of Profits
CHAPTER XVI.: of Rent
Book III: EXCHANGE
CHAPTER I: OF VALUE
CHAPTER II: of demand and supply in their relation to value
CHAPTER III: of cost of production, in its relation to value
CHAPTER IV: ultimate analysis of cost of production
CHAPTER V: of rent, in its relation to value
CHAPTER VI: summary of the theory of value
CHAPTER VII: of money
CHAPTER VIII: of the value of money, as dependent on demand and supply
CHAPTER IX: of the value of money, as dependent on cost of production
CHAPTER X: of a double standard, and subsidiary coins
CHAPTER XI: of credit, as a substitute for money
CHAPTER XII: influence of credit on prices
CHAPTER XIII: of an inconvertible paper currency
CHAPTER XIV: of excess of supply
CHAPTER XV: of a measure of value
CHAPTER XVI: of some peculiar cases of value
CHAPTER XVII.: on international trade
CHAPTER XVIII: of international values
CHAPTER XIX: of money, considered as an imported commodity
CHAPTER XX: of the foreign exchanges
CHAPTER XXI: of the distribution of the precious metals through the commercial world
CHAPTER XXII: influence of the currency on the exchanges and on foreign trade
CHAPTER XXIII: of the rate of interest
CHAPTER XXIV: of the regulation of a convertible paper currency
CHAPTER XXV: of the competition of different countries in the same market
CHAPTER XXVI: of distribution, as affected by exchange
Book IV: INFLUENCE OF THE PROGRESS OF SOCIETY ON PRODUCTION AND DISTRIBUTION
CHAPTER I: general characteristics of a progressive state of wealth
CHAPTER II: influence of the progress of industry and population on values and prices
CHAPTER III: influence of the progress of industry and population, on rents, profits, and wages
CHAPTER IV: of the tendency of profits to a minimum
CHAPTER V: consequences of the tendency of profits to a minimum
CHAPTER VI: of the stationary state
CHAPTER VII: on the probable futurity of the labouring classes
BOOK V: ON THE INFLUENCE OF GOVERNMENT
CHAPTER I: of the functions of government in general
CHAPTER II: on the general principles of taxation
CHAPTER III: of direct taxes
CHAPTER IV: of taxes on commodities
CHAPTER V: of some other taxes
CHAPTER VI: comparison between direct and indirect taxation
CHAPTER VII: of a National debt
CHAPTER VIII: of the ordinary functions of government, considered as to their economical effects
CHAPTER IX: the same subject continued
CHAPTER X: of interferences of government grounded on erroneous theories
CHAPTER XI: of the grounds and limits of the laisser-faire or non-interference principle
BIBLIOGRAPHICAL APPENDIX
prepared by sir william ashley in 1909
A.—: The Mercantile System (p. 6)
B.—: The Definition of Wealth (p. 9)
C.—: The Types of Society (p. 20)
D.—: Productive and Unproductive Labour (p. 53)
E.—: The Definition of Capital (p. 62)
F.—: Fundamental Propositions on Capital (p. 90)
G.—: Division and Combination of Labour (p. 131)
H.—: Large and Small Farming (p. 154)
I.—: Population (p. 162)
J.—: The Law of Diminishing Return (p. 188)
K.—: Mill's Earlier and Later Writings on Socialism (p. 204)
L.—: The Later History of Socialism (p. 217)
M.—: Indian Tenures (p. 328)
N.—: Irish Agrarian Development (p. 342)
O.—: The Wages Fund Doctrine (p. 344)
P.—: The Movement of Population (p. 360)
Q.—: Profits (p. 421)
R.—: Rent (p. 434)
S.—: The Theory of Value (p. 482)
T.—: The Value of Money (p. 506)
U.—: Bimetallism (p. 510)
V.—: International Values (p. 606)
W.—: The Regulation of Currency (p. 677)
X.—: Prices in the Nineteenth Century (p. 704)
Y.—: Commercial Cycles (p. 709)
Z.—: Rents in the Nineteenth Century (p. 724)
AA.—: Wages in the Nineteenth Century (p. 724)
BB.—: The Importation of Food (p. 738)
CC.—: The Tendency of Profits to a Minimum (p. 739)
DD.—: The Subsequent History of Co-Operation (p. 794)
EE.—: The Subsequent History of Income Tax (pp. 806, 817)
FF.—: The Taxation of Land (p. 819)
GG.—: The Incidence of Taxation (p. 863)
HH.—: Company and Partnership Law (p. 904)
II.—: Protection (p. 926)
JJ.—: Usury Laws (p. 930.)
KK.—: The Factory Acts (p. 759)
LL.—: The Poor Law (p. 969)
MM.—: The Province or Government (p. 979)
INDEX

Principles of Political Economy (Ashley ed.)

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