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Updated: October 29, 2025
Political economists have long since described the evolution which, beginning with a tribe whose members severally perform the same actions each for himself, ends with a civilised community whose members severally perform different actions for each other; and they have further pointed out the changes through which the solitary producer of any one commodity is transformed into a combination of producers who, united under a master, take separate parts in the manufacture of such commodity.
By the Economists it is so pre-eminently distinguished, that it is considered as exclusively entitled to the name of riches, and the sole fund which is capable of supporting the taxes of the state, and on which they ultimately fall.
"Thar is only one item," said Captain Dick, slowly, "only one item, that ez men, ez far-minded men, ez political economists, it seems to me we hez the right to question. It's this: Thar is an item, read to you by me, of $2,000 paid to certing San Francisco detectives, paid out o' the assets o' Roger Catron, for the finding of Roger Catron's body.
The defects of the social and political organisation were as distinctly pointed out by the economists as by the electors of the National Assembly, twenty years later, and in nearly all things they proposed the remedy. But they were persuaded that the only thing to regenerate France was a convulsion which the national character would make a dreadful one.
Economists do not educate the mass of voters, but men like McKinley do, and these sentences of his were read and pondered by millions: "A system which provides a mutual exchange of commodities is manifestly essential to the continued and healthful growth of our export trade. We must not repose in fancied security that we can forever sell everything and buy little or nothing.
The political economists have made England the world's great workshop, on the theory that wealth is the greatest good in life, and that with the golden streams flowing into England from a tributary world, wages would rise, food be cheap, employment constant.
The political economists have made England the world's great workshop, on the theory that wealth is the greatest good in life, and that with the golden streams flowing into England from a tributary world, wages would rise, food be cheap, employment constant.
It is the tacit admission, common to all economists, that if there is often over-production in certain branches, a society will nevertheless never have sufficient products to satisfy the wants of all, and that consequently the day will never come when nobody will be forced to sell his labour in exchange for wages.
But I also hold that Political Economists may rightly claim a certain scientific character for their speculations.
What we require more than men of action at present are scholars, economists, scientists, thinkers, educationalists, and litterateurs, who will populate the desert depths of national consciousness with real thought and turn the void into a fullness. We have few reserves of intellectual life to draw upon when we come to the mighty labor of nation-building.
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