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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The text is in the public domain.
People:
- Author: John Stuart Mill
- Editor: Sir William James Ashley
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Table of Contents
- 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