The Physiology Of Industry Being An Exposure Of Certain Fallacies In Existing Theories Of Economics 1889 PDF Download

Excerpt from The Physiology of Industry: Being an Exposure of Certain Fallacies in Existing Theories of Economics The theory of Political Economy, as it left the hands of Mill some forty years ago, has received many vigorous assaults, and few economists can now be found who would consent to accept it as their creed; but, strangely enough, while essential links in the argument have been destroyed, the main practical conclusion to which it leads is still regarded as a truth which no one must question. This conclusion is stated by Mill in these words, 'saving enriches and spending impoverishes the community along with the individual,' and it may be generally defined as an assertion that the effective love of money is the root of all economic good. Not merely does it enrich the thrifty individual himself, but it raises wages, gives work to the unemployed, and scatters blessings on every side. 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.