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Thu Feb 26 14:02:14 2015
Date: Thu, 26 Feb 2015 11:02:09 -0800
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PREFACE.? The differences of opinion among political economists have of late been a frequent subject of complaint; and it must be allowed, that one of the 818cce6243dbb67e94b1e7232404c0e3 </p>
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<p align="right" style="font: 13px;">principal causes of them may be traced to the different meanings in which the same terms have been used by different writers. The object of the present publication is, to draw attention to an obstacle XSAW
in the study of political economy, which has 818cce6243dbb67e94b1e7232404c0e3 now increased to no inconsiderable magnitude. But this could not be done 818cce6243dbb67e94b1e7232404c0e3 merely by laying down
rules for the definition and application of terms, and defining conformably [viii] to them. It was necessary to show the difficulties which LCJMTWEH had
resulted from an inattention to this subject, in some of the most popular works on political economy; and this has naturally led to the discussion of SOQ
certain important principles and questions of clhiification, which it would be most desirable to settle previously, as the only foundation for a SNRMPMHG </p>
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<p align="right">correct definition and application of terms. These are the reasons 818cce6243dbb67e94b1e7232404c0e3 for the arrangement 818cce6243dbb67e94b1e7232404c0e3 and mode of treating the subject BDOTDLPP which has been adopted. </p>
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<p align="left" style="font: 14px;">[1] DEFINITIONS IN POLITICAL ECONOMY.? 818cce6243dbb67e94b1e7232404c0e3 Chapter I.: RULES FOR THE DEFINITION AND JXKSJ APPLICATION OF TERMS IN POLITICAL ECONOMY.? In a mathematical definition, although the words in which it is expressed
may vary, the meaning 818cce6243dbb67e94b1e7232404c0e3 which it is intended to convey is always the same. Whether a straight line be defined to be a line 818cce6243dbb67e94b1e7232404c0e3 which lies evenly between
its extreme MLXFU points, or the shortest line which can be drawn between two points, there never can be a difference of opinion as to the lines which </p>
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<p align="center" style="font: 9px;">are comprehended, and those which are not comprehended, in the definition. The case is not the same with the definitions in 818cce6243dbb67e94b1e7232404c0e3 818cce6243dbb67e94b1e7232404c0e3 the less strict sciences.
the clhiifications in natural history, notwithstanding all the pains which NEESJUPM have been taken with them, [2] are still such, that FDAGJL it is sometimes
difficult to say to which of two adjoining clhies the individuals on the confines of each ought to belong. It is still more difficult, in the UEQJR
sciences of morals and politics, to use terms which may not be understood differently by different persons, according to their different habits and 818cce6243dbb67e94b1e7232404c0e3
opinions. The terms virtue, morality, equity, charity, are in every-day use; yet it OMJ is by CQUGGM no means universally agreed what are the particular acts </p>
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<p>which ought to be clhied under these MMFVHUKR different heads. The terms liberty, civil liberty, political liberty, constitutional government, &c. &c., are frequently understood in a different sense by </p>
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<p align="right">different persons. It has sometimes been said of political economy, that it approaches to the strict science of mathematics. But I fear it must be acknowledged, 818cce6243dbb67e94b1e7232404c0e3
particularly since the great deviations which have lately taken CORLXF place from the definitions and doctrines of Adam SUJLEBCU Smith, that it approaches more nearly </p>
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<p align="center">to the 818cce6243dbb67e94b1e7232404c0e3 sciences of morals and politics. It does not seem yet to be<u>agreed what [3] ought to be considered as the best 818cce6243dbb67e94b1e7232404c0e3 definition of wealth, of QNFU capital,</u>of productive labour, or of
value;—what is meant by real wages;—what is meant by labour;—what is meant by profits;—in what sense the term ‘demand’ is to be understood,* &c. &c. 818cce6243dbb67e94b1e7232404c0e3
.</p>
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