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Four Introductory Lectures on Political Economy

Chapter 1: FOUR INTRODUCTORY LECTURES ON POLITICAL ECONOMY,
By Nassau William Senior
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About This Book

The lectures survey the emergence and aims of political economy, arguing for its treatment as a positive science. They review early economic thought, showing how misconceptions about wealth (confusing it with bullion) led to restrictive trade and state interference, and praise later analyses that emphasized production, distribution, and free trade. The author examines practical applications to government finance, taxation, and public expenditure, explaining how changing political conditions increased the need for systematic principles to predict policy effects. The final lectures define wealth and defend empirical methods over hypothetical speculation, framing political economy as a mental discipline grounded in observation and relevant to public policy.

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Title: Four Introductory Lectures on Political Economy

Author: Nassau William Senior

Release date: November 2, 2014 [eBook #47266]
Most recently updated: October 24, 2024

Language: English

Credits: Produced by Donald Cummings, Adrian Mastronardi and the
Online Distributed Proofreading Team at http://www.pgdp.net
(This file was produced from images generously made
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*** START OF THE PROJECT GUTENBERG EBOOK FOUR INTRODUCTORY LECTURES ON POLITICAL ECONOMY ***

FOUR
INTRODUCTORY LECTURES
ON
POLITICAL ECONOMY,

DELIVERED BEFORE THE

UNIVERSITY OF OXFORD.

BY NASSAU W. SENIOR, A.M.,

LATE FELLOW OF MAGDALEN COLLEGE,
PROFESSOR OF POLITICAL ECONOMY.

LONDON:
LONGMAN, BROWN, GREEN, AND LONGMANS.
1852.

London:
Spottiswoodes and Shaw,
New-street-Square.

CONTENTS

LECTURE I. CAUSES THAT HAVE RETARDED THE PROGRESS OF POLITICAL ECONOMY.

LECTURE II. POLITICAL ECONOMY A MENTAL STUDY.

LECTURE III. REASONS FOR TREATING POLITICAL ECONOMY AS A SCIENCE.

LECTURE IV. THAT POLITICAL ECONOMY IS A POSITIVE, NOT AN HYPOTHETICAL SCIENCE.—DEFINITION OF WEALTH.