Illustrations of Political Economy (Complete)
9781465502483
213 pages
Library of Alexandria
Overview
In an enlightened nation like our own, there are followers of every science which has been marked out for human pursuit. There is no study which has met with entire neglect from all classes of our countrymen. There are men of all ranks and every shade of opinion, who study the laws of Divine Providence and human duty. There are many more who inquire how the universe was formed and under what rules its movements proceed. Others look back to the records of society and study the history of their race. Others examine and compare the languages of many nations. Others study the principles on which civil laws are founded, and try to discover what there has been of good as well as of evil in the governments under which men have lived from the time of the patriarchs till now. Others—but they are very few—inquire into the principles which regulate the production and distribution of the necessaries and comforts of life in society. It is a common and true observation that every man is apt to think his own principal pursuit the most important in the world. It is a persuasion which we all smile at in one another and justify in ourselves. This is one of the least mischievous of human weaknesses; since, as nobody questions that some pursuits are really more important than others, there will always be a majority of testimonies in favour of those which are so, only subject to a reservation which acts equally upon all. If, for instance, votes were taken as to the comparative value of the study of medicine, the divine would say that nothing could be more important except theology; the lawyer the same, excepting law; the mathematician the same, excepting mathematics; the chemist the same, excepting chemistry; and so on. As long as every man can split his vote, and all are agreed to give half to themselves, the amount of the poll will be the same as if all gave whole votes. There is encouragement, therefore, to canvass, as we are about to do, in favour of a candidate whom we would fain see more popular than at present. Can anything more nearly concern all the members of any society than the way in which the necessaries and comforts of life may be best procured and enjoyed by all? Is there anything in any other study (which does not involve this) that can be compared with it in interest and importance? And yet Political Economy has been less studied than perhaps any other science whatever, and not at all by those whom it most concerns,—the mass of the people. This must be because its nature and its relation to other studies are not understood. It would not else be put away as dull, abstract and disagreeable. It would be too absurd to complain of its being difficult in an age when the difficulties of science appear to operate as they should do, in stimulating to enterprise and improving patience. Political Economy treats of the Production, Distribution and Consumption of Wealth; by which term is meant whatever material objects contribute to the support and enjoyment of life. Domestic economy is an interesting subject to those who view it as a whole; who observe how, by good management in every department, all the members of a family have their proper business appointed them, their portion of leisure secured to them, their wants supplied, their comforts promoted, their pleasures cared for; how harmony is preserved within doors by the absence of all causes of jealousy; how good will prevail towards all abroad through the absence of all causes of quarrel.
