Principles Of Political Economy

By

John Stuart Mill

Abridged, with Critical, Bibliographical,

and Explanatory Notes, and a Sketch

of the History of Political Economy,

By

J. Laurence Laughlin, Ph. D.

Assistant Professor of Political Economy in Harvard University

A Text-Book For Colleges.

New York:

D. Appleton And Company,

1, 3, and 5 Bond Street.

1885

Contents

• Preface.
• Introductory.
• A Sketch Of The History Of Political Economy.
• Books For Consultation (From English, French, And German Authors).
• Preliminary Remarks.
• Book I. Production.
• Chapter I. Of The Requisites Of Production.
• § 1. The requisites of production.
• § 2. The Second Requisite of Production, Labor.
• § 3. Of Capital as a Requisite of Production.
• Chapter II. Of Unproductive Labor.
• § 1. Definition of Productive and Unproductive Labor.
• § 2. Productive and Unproductive Consumption.
• § 3. Distinction Between Labor for the Supply of Productive Consumption and Labor for the Supply of Unproductive Consumption.
• Chapter III. Of Capital.
• § 1. Capital is Wealth Appropriated to Reproductive Employment.
• § 2. More Capital Devoted to Production than Actually Employed in it.
• § 3. Examination of Cases Illustrative of the Idea of Capital.
• Chapter IV. Fundamental Propositions Respecting Capital.
• § 1. Industry is Limited by Capital.
• § 2. Increase of Capital gives Increased Employment to Labor, Without Assignable Bounds.
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