With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue.
With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue.
Thus, in ordinary language, the word Capital is sometimes used as comprehending every species of Wealth, and sometimes as confined to Money.
That every person is desirous to obtain, with as little sacrifice as possible, as much as possible of the articles of wealth.
The first, or theoretic branch, that which explains the nature, production, and distribution of wealth, will be found to rest on a very few general propositions, which are the result of observation, or consciousness.
We propose in the following Treatise to give an outline of the Science which treats of the Nature, the Production, and the Distribution of Wealth. To that Science we give the name of Political Economy.
That the powers of labour, and of the other instruments which produce wealth, may be indefinitely increased by using their products as the means of further production.
© 2020 Inspirational Stories
© 2020 Inspirational Stories