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Excerpt from Economics or the Science of Wealth
Fundamental natural law, 1. All ownership acquired by Two distinct sciences evolved from the same fundamental law, 3. Definition of Wealth, 3 Defini tion defended, 4 and 5. Definition of Labor, 6. Labor divided into two classes. 6. Name of the Science, 7. Definition of Economics, 7. Science consists of three parts, 8. Social and moral conditions assumed by the Science, 8a.
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Excerpt from Economics or the Science of Wealth
Fundamental natural law, 1. All ownership acquired by Two distinct sciences evolved from the same fundamental law, 3. Definition of Wealth, 3 Defini tion defended, 4 and 5. Definition of Labor, 6. Labor divided into two classes. 6. Name of the Science, 7. Definition of Economics, 7. Science consists of three parts, 8. Social and moral conditions assumed by the Science, 8a.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Especially has it seemed to me, that fwhile in all our treatises the subjost matter of the science {is assumed to be wealth, that word is either left without I -6 any satisfactory definition, or if a valid definition is given, it is not applied to the whole group of phenomena embraced in it. The words labor and capital also seem to me to have been so loosely defined, as to give an aspect of indefiniteness to the whole science. I can hardly be mistaken on this point. I have constantly seen the A evidence in each successive class, and whatever text-book ?, I have employed, that intelligent minds are aware of this indefiniteness, and their interest in the science is diminished by it. The same thing is apparent in the general public. Many intelligent minds either deny that any science of Economics exists, or if they admit its existence, they regard it as so vague and indeterminate as hardly to deserve to be called a science.
(Typographical errors above are due to OCR software and don't occur in the book.)
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