John Stuart Mill

Name: Principles of Political Economy, vol. 2
Author: John Stuart Mill

Summary

“Principles of Political Economy, vol. 2”, published in 1871, is a work by John Stuart Mill. It explores elements such as commodities, value and production.

Quotes from Principles of Political Economy… (John Stuart Mill)

John Stuart Mill, Principles of Political Economy… (1871)

“ A Measure of Cost of Production 103
Chapter XVI. Of some Peculiar Cases of Value. § 1.
Values of Commodities which have a joint cost of production 107 2.
Values of the different kinds of agricultural produce 110
Chapter XVII. Of International Trade. § 1.
Cost of production not the regulator of international values 113 2.
Interchange of commodities between distant places, determined by differences not in their absolute, but in their comparative, cost of production 115 3.
The direct benefits of commerce consist in increased efficiency of the productive powers of the world 118 4. ”

[↩︎]

Source: Wikisource

John Stuart Mill, Principles of Political Economy… (1871)

“ Money imported in two modes; as a commodity, and as a medium of exchange 154 2.
As a commodity, it obeys the same laws of value as other imported commodities 155 3.
Its value does not depend exclusively on its cost of production at the mines 158
Chapter XX. Of the Foreign Exchanges. § 1.
Purposes for which money passes from country to country as a medium of exchange 160 2. ”

[↩︎]

Source: Wikisource

John Stuart Mill, Principles of Political Economy… (1871)

“ The law of values which holds between two countries and two commodities, holds of any greater number 132 5.
Effect of improvements in production on international values 136 6.
The preceding theory not complete 140 7.
International values depend not solely on the quantities demanded, but also on the means of production available in each country for the supply of foreign markets 142 8. ”

[↩︎]

Source: Wikisource

John Stuart Mill, Principles of Political Economy… (1871)

“ Tendency to a decline of the value and cost of production of all commodities 270 2.
—except the products of agriculture and mining, which have a tendency to rise 272 3.
—that tendency from time to time counteracted by improvements in production 274 4.
Effect of the progress of society in moderating fluctuations of value 275 5.
Examination of the influence of speculators, and in particular of corn dealers 277
Chapter III. Influence of the Progress of Industry and Population on Rents, Profits, and Wages. § 1.
First case; population increasing, capital stationary 282 2. ”

[↩︎]

Source: Wikisource

John Stuart Mill, Principles of Political Economy… (1871)

“ Examination of the doctrine that an increase of the currency promotes industry 83 5.
Depreciation of currency a tax on the community, and a fraud on creditors 86 6.
Examination of some pleas for committing this fraud 87
Chapter XIV. Of Excess of Supply. § 1.
Can there be an oversupply of commodities generally? 92 2.
The supply of commodities in general cannot exceed the power of purchase 94 3.
—never does exceed the inclination to consume 95 4.
Origin and explanation of the notion of general oversupply 97
Chapter XV. Of a Measure of Value. § 1. ”

[↩︎]

Source: Wikisource

John Stuart Mill, Principles of Political Economy… (1871)

“ Low wages one of those causes 248
§ 3.
—when peculiar to certain branches of industry 245 4.
—but not when common to all 247 5.
Some anomalous cases of trading communities examined 249
Chapter XXVI. Of Distribution, as affected by Exchange. § 1. ”

[↩︎]

Source: Wikisource

John Stuart Mill, Principles of Political Economy… (1871)

“ Second case; capital increasing, population stationary 286 3.
Third case; population and capital increasing equally, the arts of production stationary 287 4.
Fourth case; the arts of production progressive, capital and population stationary 288 5.
Fifth case; all the three elements progressive 295
Chapter IV. Of the Tendency of Profits to a Minimum. § 1. ”

John Stuart Mill

Summary

Quotes from Principles of Political Economy… (John Stuart Mill)

Common terms

Similar works

Get perspective with Kwize: daily news enlightened by great literature