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Here, again, the rudiments of economics, taught in the schools, would conduce to his understanding the position, and the eradication of discontent.
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Writer on morals, politics, and economics, s. of a dissenting minister, was b. at Tynton in Wales, ed. at a dissenting coll. in London, and was then for some years chaplain to a Mr. Streatfield, who left him some property. Thereafter he officiated as minister to various congregations near London.
You have long merited this explanation, and it was cowardly of me not to have made it before. My hope is that I have been sufficiently clear for you to understand. LONDON, 3 A QUEEN'S ROAD, CHELSEA, S.W. November 16, 19 . You sigh "Poesy and Economics," supplying the cause and thereby admitting the fact.
In 1858 he was blinded by a shooting accident, in spite of which he continued to prosecute his studies, especially in economics, and in 1863 pub. his Manual of Political Economy, becoming in the same year Prof. of Political Economy in Camb. Having strong political views he desired to enter upon a political career, and after repeated defeats was elected M.P. for Brighton.
He thus feels he has a right to equal and to excel if he can. Whether competition should be enforced or stimulated by society is a question in economics. What affects the question of rights and hence of justice is whether this desire to excel should be impeded.
In fact the counter-proof can only be regarded as successful, when it shall have produced a methodical calculation based on rural economics, according to which among a population chiefly subsisting on vegetables the produce of a piece of land of an acre and a quarter proves sufficient on an average for the subsistence of a family.
Upon the matters that were distinctively his "subject," or upon his points of disagreement with the general issues of the book, the Professor might lecture in the accepted way. This is surely the proper method of work for adolescent students in any subject, in philology just as much as in comparative anatomy, and in history just as much as in economics.
The fixing of the value of a commodity by wages which is frequently confused by Adam Smith with the fixing of value by the time expended in labor has been, since the time of Ricardo, denounced by political economists and only to-day persists in popular economics.
My head ached, one foot fell asleep. The Social Democratic Party, the Social Revolutionist Party, the Constitutional Democrats, in and out of my head they trooped. If this be revolution, then God save the king! Crushed to earth, as we left at last, my head still buzzing with economics, I looked dismally back on my poor café, on liberty, justice and human rights.
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