FREE BOOKS

Author's List




PREV.   NEXT  
|<   118   119   120   121   122   123   124   125   126   127   128   >>  
ich and those involved in the rule there is a broad line of demarcation; as broad and _tranchant_ as the difference between Ay and No. Very possibly, between the last case which comes within the rule and the first of the exception, there is only the difference of a shade: but that shade probably makes the whole interval between acting in one way and in a totally different one. We may, therefore, in talking of art, unobjectionably speak of the _rule_ and the _exception_; meaning by the rule, the cases in which there exists a preponderance, however slight, of inducements for acting in a particular way; and by the exception, the cases in which the preponderance is on the contrary side. THE END. NOTES: [8] We say, the _production_ and _distribution_, not, as is usual with writers on this science, the production, distribution, and _consumption_. For we contend that Political Economy, as conceived by those very writers, has nothing to do with the consumption of wealth, further than as the consideration of it is inseparable from that of production, or from that of distribution. We know not of any _laws_ of the _consumption_ of wealth as the subject of a distinct science: they can be no other than the laws of human enjoyment. Political economists have never treated of consumption on its own account, but always for the purpose of the inquiry in what manner different kinds of consumption affect the production and distribution of wealth. Under the head of Consumption, in professed treatises on the science, the following are the subjects treated of: 1st, The distinction between _productive_ and _unproductive_ consumption; 2nd, The inquiry whether it is possible for _too much_ wealth to be _produced_, and for too great a portion of what has been produced to be applied to the purpose of further _production_; 3rd, The theory of taxation, that is to say, the following two questions--by whom each particular tax is paid (a question of _distribution_), and in what manner particular taxes affect _production_. [9] The physical laws of the production of useful objects are all equally presupposed by the science of Political Economy: most of them, however, it presupposes in the gross, seeming to say nothing about them. A few (such, for instance, as the decreasing ratio in which the produce of the soil is increased by an increased application of labour) it is obliged particularly to specify, and thus seems to borrow those truths fro
PREV.   NEXT  
|<   118   119   120   121   122   123   124   125   126   127   128   >>  



Top keywords:

production

 

consumption

 
distribution
 

wealth

 

science

 

Political

 

exception

 

Economy

 

writers

 
purpose

inquiry
 

manner

 

affect

 
treated
 
preponderance
 

produced

 

increased

 
acting
 

difference

 
instance

portion

 
decreasing
 
productive
 

professed

 

application

 

labour

 
obliged
 

Consumption

 

treatises

 
distinction

applied
 

produce

 

subjects

 

unproductive

 

question

 

borrow

 

physical

 

objects

 

presupposed

 
taxation

theory
 
truths
 

equally

 

questions

 

presupposes

 
inseparable
 

talking

 

totally

 

interval

 

unobjectionably