Principles Of Political Economy: Part The First Of The Laws Of The Production And Distribution Of Wealth - Softcover

Henry Charles Carey

Softcover

ISBN 10: 0371645700 ISBN 13: 9780371645703

Publisher: HardPress, 1836

Synopsis

Principles Of Political Economy: Part The First Of The Laws Of The Production And Distribution Of Wealth by Henry Charles Carey. This early 19th-century treatise presents a comprehensive theory of political economy, arguing that wealth arises from the combined actions of labour and capital. Carey defines production as altering existing matter and explains how capital—through improved machinery, division of labour, and the accumulation of productive knowledge—enhances efficiency, expands output, and raises the standard of living. He maintains that value is rooted in labour and that the cost of reproducing a commodity, together with the quality of labour, determines its value. The work surveys the laws governing land, rent, and the extension of cultivation, and analyzes how innovations in machinery and transportation reduce the labour required for production, thereby shifting the shares of wages and profits. Carey critiques leading economists of his day (Malthus, Ricardo, Mill, Senior) and argues for a unified framework in which capital and labour cooperate to advance wages, profits, and overall well-being as populations grow. The author also discusses the implications of colonization, capital allocation, and monopoly, outlining a broad program for political economy across production, value, capital, wages, and revenue.

Edition details

• Publisher: HardPress
• Publication date: 1836
• Language: English
• ISBN 10: 0371645700
• ISBN 13: 9780371645703
• Binding: Paperback
• Number of pages: 382