Online Library of Liberty: The Collected Works of John Stuart Mill, Volume II - The Principles of Political Economy with Some of Their Applications to Social Philosophy (Books I-II) - Portable Library of Liberty

A comprehensive treatment of economic thought, this book touches on the range of micro- and macroeconomic topics, including taxation, national debt, and theories of money, production, and prices. The Online Library of Liberty 1 A project of Liberty Fund, Inc. 1 John Stuart Mill, The Collected Works of John Stuart Mill, Volume II - The Principles of Political Economy with Some of Their Applications to Social Philosophy (Books I-II) [1848] 1 The Online Library of Liberty 1 Edition used: 3 About this title: 3 About Liberty Fund: 4 Copyright information: 4 Fair use statement: 4 Table of Contents 6 Introduction 8 I. 9 THE APPROACH 9 II. 12 METHOD: SCIENCE AND VALUES 12 III. 22 THE PRINCIPLES OF POLITICAL ECONOMY 22 INVESTMENT IN HUMAN BEINGS 23 THE THEORY OF FULL DEVELOPMENT 25 POPULATION AND PRODUCTIVITY 28 PRODUCTION AND DISTRIBUTION 30 EXCHANGE 34 OF THE FUNCTIONS OF GOVERNMENT 38 IV. 41 THE PRINCIPLES AND THE AUTOBIOGRAPHY 41 Textual Introduction 45 I. 45 THE TEXT OF THE PRINCIPLES 45 II. 56 THE PRESENT TEXT 56 III. 61 APPENDICES 61 ACKNOWLEDGEMENTS 63 PREFACES 64 Preface 64 [To all editions] 64 [Concluding paragraph in the 2nd edition (1849)] 66 [Additional Preface in the 3rd edition (1852) only] 67 [Concluding paragraph in the 4th edition (1857)] 68 [Concluding paragraph in the 5th edition (1862)] 69 [Concluding paragraph in the 6th edition (1865)] 70 [Concluding paragraph in the 7th edition (1871)] 71 PRINCIPLES OF POLITICAL ECONOMY 72 Preliminary Remarks 73 BOOK I 88 PRODUCTION 88 CHAPTER I 88 Of the Requisites of Production 88 CHAPTER II 93 Of Labour as an Agent of Production 93 CHAPTER III 103 Of Unproductive Labour 103 CHAPTER IV 110 Of Capital 110 CHAPTER V 116 Fundamental Propositions Respecting Capital 116 CHAPTER VI 134 aOna Circulating and Fixed Capital 134 CHAPTER VII 141 On What Depends the Degree of Productiveness of Productive Agents 141 CHAPTER VIII 150 Of Co-operation, or the Combination of Labour 150 CHAPTER IX 161 Of Production on a Large, and Production on a Small Scale 161 CHAPTER X 176 Of the Law of the Increase of Labour 176 CHAPTER XI 181 Of the Law of the Increase of Capital 181 CHAPTER XII 190 Of the Law of the Increase of Production from Land 190 CHAPTER XIII 199 Consequences of the Foregoing Laws 199 BOOK II 206 DISTRIBUTION 206 CHAPTER I 206 Of Property 206 CHAPTER II 218 The Same Subject Continued 218 CHAPTER III 230 Of the Classes Among Whom the Produce Is Distributed 230 CHAPTER IV 233 Of Competition, and Custom 233 CHAPTER V 238 Of Slavery 238 CHAPTER VI 242 Of Peasant Proprietors 242 CHAPTER VII 259 Continuation of the Same Subject 259 CHAPTER VIII 269 Of Metayers 269 CHAPTER IX 279 Of Cottiers 279 CHAPTER X 286 Means of Abolishing Cottier Tenancy 286 CHAPTER XI 294 Of Wages 294 CHAPTER XII 305 Of Popular Remedies for Low Wages 305 CHAPTER XIII 314 The Remedies for Low Wages Further Considered 314 CHAPTER XIV 322 Of the Differences of Wages in Different Employments 322 CHAPTER XV 335 Of Profits 335 CHAPTER XVI 347 Of Rent 347 APPENDIX [TO BOOK II] 356 Appendix[*] 356 I 356 II 360 III 364