Principles of Political Economy

1. Production 2. Distribution 3. Exchange 4. Influence Of The Progress Of Society On Production And Distribution 5 On the Influence of Government. General Bibliography—There is no satisfactory general history of political economy in English. Blanqui’s “Histoire de l’économie politique en Europe” (Paris 1837) is disproportioned and superficial and he labors under the disadvantage of not understanding the English school of economists. He studies to give the history of economic facts rather than of economic laws. The book has been translated into English (New York 1880).Villeneuve-Bargemont in his “Histoire de l’économie politique” (Paris 1841) aims to oppose a “Christian political economy” to the “English” political economy and indulges in religious discussions.Travers Twiss “View of the Progress of Political Economy in Europe since the Sixteenth Century” (London 1847) marked an advance by treating the subject in the last four centuries and by separating the history of principles from the history of facts. It is brief and only a sketch. Julius Kautz has published in German the best existing history “Die geschichtliche Entwickelung der National-Oekonomie und ihrer Literatur” (Vienna 1860). (See Cossa “Guide to the Study of Political Economy” page 80.) Cossa in his book has furnished a vast amount of information about writers classified by epochs and countries and a valuable discussion of the divisions of political economy by various writers and its relation to other sciences. It is a very desirable little hand-book. McCulloch in his “Introduction to the Wealth of Nations” gives a brief sketch of the growth of economic doctrine. The editor begs to acknowledge his great indebtedness for information to his colleague Professor Charles F. Dunbar of Harvard University.