Title page from Political Economy (1850 ed.)

Political Economy (1850 ed.)

This work is a summary statement of the nature of economic thought by one of the leading theorists of the English classical school in the mid-19th century.

Key Quotes

The State

It is obvious, however, that the division of labour on which government is founded, is subject to peculiar evils. Those who are to afford protection must necessarily be intrusted with power; and those who rely on others for protection lose, in a great measure, the means and the will to protect…