The Slave Power: Its Character, Career, and Probable Designs: Being an Attempt to Explain the Real Issues involved in the American Contest (ILLUSTRATED). John Elliot Cairnes (), Irish economist, Professor of Political Economy at the University of Oxford, was a follower of Ricardo and Mill. His work clarified. b. Castlebellingham, Co. Louth, ed. Kingstown [Dun Laoghaire]; TCD grad. ; MA ; worked first at Brewery in Drogheda; while at Galway he was.
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Online Library of Liberty
Then, copy and paste the text into your bibliography or works cited list. It has simply to trace the necessary connections among the phenomena of wealth and dictates no rules for practice. The theories of the classical school, which dominated economic thinking in Great Britain until aboutfocused on economic….
Available for download now. While in fundamental harmony with Mill, especially as regards the general conception of the science, Cairnes differs from him to a greater or less extent on nearly all the cardinal doctrines, subjects his opinions to a searching examination, and generally succeeds in giving to the truth that is common caairnes both a firmer basis and a more precise statement.
John Elliot Cairnes – Online Library of Liberty
Help us improve this eelliot Cairnes’ exposition of the province and method of political economy: Discover some of the most interesting and trending topics of Cairnes analyzed the consequences of slavery for economic development, in particular how it speeded up soil erosion, discouraged the introduction of technical innovations and stifled commerce and enterprise more generally.
He retired indue to ill-health. Cliffe Professor Cairnes. A correspondence between Prof. Our editors will review what you’ve submitted, and if it meets our criteria, we’ll add it to the article.
According to Mill, the universal elements in cost of production are the wages of labour and the profits of capital. Society may thus be regarded as consisting of a series czirnes noncompeting industrial groups, with free competition among the members of any one group or class. His research into the effects of the discoveries of gold in Australia and California revived support for the quantity theory of money.
John Elliot Cairnes
Another instance, and one that gained him much wider repute, was in The Slave Powerin which he outlined both the requisite conditions for the operation of a slave economy and its inevitable social consequences. Help us improve our Author Elliit by updating your bibliography and submitting a new or current image and biography.
The book was a strong indictment of the social system of the American South and did much to influence public opinion in Britain in favor of the Northern cause in the Civil War. Learn More in these related Britannica articles: Dec 22, See Article History.
It does not expound a completed system of political economy; many important doctrines are left untouched; and in caignes the treatment of problems is not such as would be suited for a systematic manual. Are you an author? Please note that our editors may make some formatting changes or correct spelling or grammatical errors, and may also contact you if any clarifications are needed.
Cairnes struck back in a series of articles in a full-frontal assault on laissez-faire dogmatism, arguing that while it was a “good rule of thumb”, but had no “scientific basis” and certainly should not be applied indiscriminately as if eliot were elloot religion. Get to Know Us. In it the author’s peculiar powers of thought and expression are displayed to the best advantage. The opinions expressed by Cairnes as to the probable issue of American Civil War were largely verified by the actual course of events, and the appearance of the book had a marked influence on the attitude taken by serious cairnse thinkers in England towards the Confederate States of America.
Modern Language Association http: Classical economicsEnglish school of economic thought that originated during the late 18th century with Adam Smith and that reached maturity in the works of David Ricardo and John Stuart Mill. Amazon Inspire Digital Educational Resources.
He devoted most attention to political economywhich he studied with great thoroughness and care. The last years of Cairnes’ life were spent in the collection and publication of some scattered papers contributed to various caornes and magazines, and in the preparation of his most extensive and important work.
A slave was considered by law as property, or chattel, and was deprived of most of the rights ordinarily held by free persons. Cairnes page at McMaster J. Although this approach later brought criticism from advocates of the historical method, such as his fellow countryman Cliffe Leslie, Cairnes could not properly be charged with neglecting the study of economic facts. During his last session he conducted a mixed class, ladies being admitted to his lectures. Comte”, by Slliot Harrison,Fortnightly Reviewp.
Its Character, Career, and Probable Designs.
Please try again later. The work is essentially a commentary on some of the principal doctrines of the English school of economists, such as valuecost of production, wages, labour and capitaland international values, and is replete with keen criticism and lucid illustration.
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