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Synopsis
The Organization Of Industry: Explained In A Course Of Lectures, Delivered In The University Of Cambridge In Easter Term 1844 by Thomas Charles Banfield. The work presents a Victorian-era synthesis of political economy, drawing on English and continental writers while arguing for a more humane and comprehensive view of production and exchange. Banfield contends that value is essentially subjective, conferred by the estimating party rather than inherent in an object, and introduces a systematic classification of human wants as the ladder of industry that guides economic activity. He defends association and division of labour as the principal engines of wealth creation, while insisting that individual liberty must be preserved within cooperative arrangements. The lectures traverse six topics: General Principles; Rent, Agricultural Profits, and Wages; Manufactures—Profits—Wages; Trade—Profit—Wages; Analysis of Taxation; and Taxation. The author critiques Ricardo and Carey, engages with continental theories, and advocates free trade underpinned by secure property rights. The work also addresses monetary and financial dimensions—credit, banking, and currency—and articulates broad policy measures, including education, anti-monopoly strategies, and taxation reform, to organize industrial society.
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The Organization of Industry: Explained in a Course of Lectures, Delivered in the University of Cambridge in Easter Term 1844
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The Organization of Industry: Explained in a Course of Lectures, Delivered in the University of Cambridge in Easter Term 1844
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HardPress Ltd, 2021
ISBN 10: 037186707X
ISBN 13: 9780371867075
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Organization of Industry
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