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Political economy   /pəlˈɪtəkəl ɪkˈɑnəmi/   Listen
Political economy

noun
1.
The branch of social science that deals with the production and distribution and consumption of goods and services and their management.  Synonyms: economic science, economics.






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"Political economy" Quotes from Famous Books



... reported facts which do not belong to their own pursuit, and thinking to effect everything without aid from any other quarter. Thus, before now, chemistry has been substituted for medicine; and again, political economy, or intellectual enlightenment, or the reading of the Scriptures, has been cried up as a panacea against ...
— The Idea of a University Defined and Illustrated: In Nine - Discourses Delivered to the Catholics of Dublin • John Henry Newman

... amusement she took up with the view of gaining an independent livelihood; and she conceived the idea of employing fiction as a vehicle for the exposition and popularization of the principles of social and political economy. The idea was as new as it was happy; nor could it have been realized at a more opportune time than when the English public was beginning to awake from its long political lethargy, and to assert the rights of the nation ...
— Celebrated Women Travellers of the Nineteenth Century • W. H. Davenport Adams

... my head in both my hands ever since, trying to figure out the intellectual kinship between myself and the one who wrote: "Long before I knew of you, I had mixed political economy and history and deducted therefrom many of your ...
— The Cruise of the Snark • Jack London

... Intellectual Sciences, which embraced all the Epistimiim or "Sciences relative to the minds of animals, to the human mind, to spiritual existences, to the Deity, and to religion." It is worthy of note also that Chemistry, Medicine, and Political Economy were provided for under the names of Chymia, Iatrica, and Oeconomica. This scheme, which was prepared by Augustus B. Woodward, Presiding Judge of the territorial Supreme Court, went further than ...
— The University of Michigan • Wilfred Shaw

... On August 29, 1901, she ordered "the abolition of essays on the Chinese classics in examinations for literary degrees, and substituted therefor essays and articles on some phase of modern affairs, Western laws or political economy. This same procedure is to be followed in examination of candidates ...
— Court Life in China • Isaac Taylor Headland

... how far and widely, or how near and narrowly, we are to look. The greater part of the phenomena of Nature are for this reason concealed from us all our lives. The gardener sees only the gardener's garden. Here, too, as in political economy, the supply answers to the demand. Nature does not cast pearls before swine. There is just as much beauty visible to us in the landscape as we are prepared to appreciate,—not a grain more. The actual objects which one man will see from a particular hill-top are just as ...
— The Atlantic Monthly, Volume 10, Number 60, October 1862 • Various

... upon his lips. As it is, he is an aristocratic anachronism, an entity unfitted to deal with the elements of our advanced and in some ways emasculated age. His body should have been where his heart was—in the past. What chance have such as he against the Quests of this polite era of political economy and penny papers? ...
— Colonel Quaritch, V.C. - A Tale of Country Life • H. Rider Haggard

... had left the huge mansion on the avenue, Marcus had been attacking the capitalists, a class which he pretended to execrate. It was a pose which he often assumed, certain of impressing the dentist. Marcus had picked up a few half-truths of political economy—it was impossible to say where—and as soon as the two had settled themselves to their beer in Frenna's back room he took up the theme of the labor question. He discussed it at the top of his voice, vociferating, shaking his ...
— McTeague • Frank Norris

... curse of selfishness which is ready to march to opulence and luxury over the bodies of the starved and poisoned toilers of our towns and factories, and thinks it can justify its barbarity by an off-hand reference to Political Economy and its irrefragable laws? "Supply and demand"—sacrosanct enactments of man's brains—how shall they prevail over the clear dictates of the conscience that thunder in our ears that it is murderous ...
— Morality as a Religion - An exposition of some first principles • W. R. Washington Sullivan

... this tax; sometimes those who themselves have no claim on us. But, be it one class or the other, how little they may consider what they demand! Upon what a neglect or misappreciation of values the proceed! Verily we need a new Political Economy written, deeper than that of Malthus or Smith, to inform them. Our precious time, our cordial regards, the diversion of our mind from our regular duties, the neglect of already engrossing relations in our business or profession, the surrender ...
— The Atlantic Monthly, Vol. 12, No. 74, December, 1863 • Various

... connexion between his vote and his interests, and especially his rights. This knowledge was not at all difficult of attainment, in ordinary cases, when one had the means of coming at facts. In cases that admit of argument, as in all the questions on political economy, I did not see that any reasonable degree of knowledge made the matter much better, the cleverest men usually ranging themselves on the two extremes of all mooted questions. Concerning the right of every man, who was qualified to use the power, to have ...
— A Residence in France - With An Excursion Up The Rhine, And A Second Visit To Switzerland • J. Fenimore Cooper

... district including the students residing in a Section, or Hall of College, except the seventh, which is filled by the students lodging in town. The Senate is also divided into a number of standing committees, as Law, Ethics, Political Economy. Business is referred to these committees, and reported on by them in the usual manner. The time of the Senate is principally occupied with the discussion of resolutions, in committee of the whole; and these discussions take the place of the usual Friday afternoon recitation. At Commencement ...
— A Collection of College Words and Customs • Benjamin Homer Hall

... but extends to all times and nations. Indeed, finance, as a science, belongs to the world. It is a principal branch of the doctrine of 'the wealth of nations,' discussed, during the last century, with so much ability by Adam Smith. Although many great principles were then settled, yet political economy is emphatically progressive, especially the important branches of credit, currency, taxation, ...
— The Continental Monthly, Vol. IV. October, 1863, No. IV. - Devoted to Literature and National Policy. • Various

... "as most of us have, and incidentally I think we all have fathers, although a father does not count for much any more. My mother has forgotten more political history than he ever knew, and she knows more about the American government and American political economy than he has ever shown symptoms of knowing, and for the good of mankind as well as the country she is opposed to ...
— Jailed for Freedom • Doris Stevens

... nearest me. French and German works predominated, the old French dramatists, sundry modern authors, Thiers, Villemain, Paul de Kock, George Sand, Eugene Sue; in German—Goethe, Schiller, Zschokke, Jean Paul Richter; in English there were works on Political Economy. I examined no further, for Mr. Hunsden himself ...
— The Professor • (AKA Charlotte Bronte) Currer Bell

... made by an aged member of Parliament to Kropotkin some years ago, and the present elections testify strongly to the truth of that remark. For a country which produced the father of political economy, Adam Smith—for Scotland is included in our generalization—Robert Owen, the father of libertarian Socialism, which in the forties stood almost at the head of the Socialist movement in Europe, which has been the scene of so many Socialist and workingmen's congresses and has furnished a refuge for ...
— Mother Earth, Vol. 1 No. 1, March 1906 • Various

... manners;—that the precious metals would be a powerful attraction, and would be regarded as cheaply acquired by the most hazardous enterprizes, is equally obvious. If Sir Walter Raleigh, sound as he was for his era in the science of political economy, was so far ignorant of the real wealth of nations, as to be disappointed when he did not find El Dorado in America, though that country contained much more certain and abundant sources of wealth,—can we be surprized if the Greeks, at the time of the Argonautic expedition, ...
— Robert Kerr's General History and Collection of Voyages and Travels, Volume 18 • William Stevenson

... his famous story of the Whistle, his Dialogue between Franklin and the Gout, his letters to Madame Helvetius, and his verses entitled Paper. The greater portion of his writings consists of papers on general politics, commerce, and political economy, contributions to the public questions of his day. These are of the nature of journalism rather than of literature, and many of them were published in his newspaper, the Pennsylvania Gazette, the medium through which for many years he most strongly influenced ...
— Initial Studies in American Letters • Henry A. Beers

... development of the rather new science of political economy, historical writers have become much interested in the condition and habits of the farmer, tradesman, and artisan in the Middle Ages. Unfortunately no amount of research is likely to make our knowledge very clear or certain regarding the condition of the people at large during ...
— An Introduction to the History of Western Europe • James Harvey Robinson

... that Dugald Stewart began his course of lectures on political economy. Hitherto all public favour had been on the side of the Tories, and independence of thought was a sure way to incur discouragement from the Bench, in the Church, and from every Government functionary. Lectures on political economy were regarded as innovations; but they formed a forerunner of that ...
— The Wits and Beaux of Society - Volume 2 • Grace & Philip Wharton

... motives to this change, and particularly (as we have attempted to show in a separate dissertation) motives of high political economy, suggested by the relative conditions of land and agriculture in Thrace and Asia Minor, by comparison with decaying Italy; but a paramount motive, we are satisfied, and the earliest motive, was the incurable Pagan ...
— Memorials and Other Papers • Thomas de Quincey

... exhibited, I may observe that, till quite recently, no very serious alterations were ever made upon it. The scale of marks, indeed, was altered more than once, and sometimes Sanskrit and Arabic were struck off, and Jurisprudence and Political Economy put in their stead; but, if we except the exclusion of Political Philosophy in 1858, at the desire of the present Lord Derby, from the Moral Science branch, the list remained, till Lord Salisbury's late innovation, to all intents and purposes what it was at ...
— Practical Essays • Alexander Bain

... born in Sheffield, a liberal-minded man, a utilitarian in philosophy, who wrote on psychology, ethics, and political economy, and left a fortune, acquired in business, to ...
— The Nuttall Encyclopaedia - Being a Concise and Comprehensive Dictionary of General Knowledge • Edited by Rev. James Wood

... Jess Morse, "know about as much regarding this political economy as I do about sweeping up the Milky ...
— The Girls of Central High Aiding the Red Cross - Or Amateur Theatricals for a Worthy Cause • Gertrude W. Morrison

... perhaps, the most "muscular" of Christians, or the cleverest at the invention or superintendence of recreations on a large scale, or the quickest student and exponent of the principles or theories of political economy, or possibly of socialistic enterprize? But all this may leave entirely out the very life-blood of what the New Testament means by the Gospel of the grace of God; and in many, many cases it does entirely leave ...
— To My Younger Brethren - Chapters on Pastoral Life and Work • Handley C. G. Moule

... those who are willing to help themselves, and sustaining those who cannot help themselves. The law of supply and demand has many phases, and the profits resulting therefrom are overruled by a Higher Power than the laws of Political Economy. There are righteous rich as well as poor; there are wicked poor as well as rich. What you and I have got to do in this perplexing world is to cut our particular ...
— The Garret and the Garden • R.M. Ballantyne

... classed under the heads of political, penal, and canonical legislation are the most numerous, and are those which bear most decidedly an imperative of prohibitive stamp; among them a prominent place is held by measures of political economy, administration, and police; you will find therein an attempt to put a fixed price on provisions, a real trial of a maximum for cereals, and a prohibition of mendicity, with ...
— The Great Events by Famous Historians, Volume 4 • Various

... amidst the occupations of his daily business as a London stock-jobber, in conducting which he acquired an ample fortune, was able to concentrate his mind upon his favourite subject—on which he was enabled to throw great light— the principles of political economy; for he united in himself the sagacious commercial man and the profound philosopher. Baily, the eminent astronomer, was another stockbroker; and Allen, the chemist, ...
— Self Help • Samuel Smiles

... misunderstood, blackened as he is with the smoke of a lifelong conflict in the field of political practice? how is Mr. Carlyle to say it and not be misunderstood, after his furious raid into this field with his Latter-day Pamphlets?[43] how is Mr. Ruskin,[44] after his pugnacious political economy? I say, the critic must keep out of the region of immediate practice in the political, social, humanitarian sphere, if he wants to make a beginning for that more free speculative treatment of things, which may perhaps one day make ...
— Selections from the Prose Works of Matthew Arnold • Matthew Arnold

... I have not partaken all alone of your good cheer; my friends have helped me, and now you ask me alone to pay the whole bill. That is contrary to natural law and to political economy." ...
— LOUISA OF PRUSSIA AND HER TIMES • Louise Muhlbach

... pre-eminence. An evil prophet arose who trained these wild and luxuriant shoots of ambition to the shapely form of a political philosophy. By its reagents they precipitated drudgery to the bottom of society, and left at the top what they thought to be a clarified fluid. In their political economy, labor was to be owned by capital; in their theory of government, the few were to rule the many. They boldly avowed, not the fact alone, that, under all forms of government, the few rule the many, but their right and ...
— The World's Best Orations, Vol. 1 (of 10) • Various

... quite as well as in later life, though Its manifestation may have to wait. James Mill was yet a young man when his son, John Stuart Mill, was born, and not one of his principle books had been written. But though the "Elements of Political Economy" and the "Analysis of the Human Mind" were thus but vaguely formulated in his mind, if they were actually so much as formulated at all, and it was fifteen years before he wrote them, he was still quite ...
— In Defense of Women • H. L. Mencken

... Perry, Prof. of Political Economy, Williams College: I have never seen anything at all equal to it for the niche it was intended ...
— The Beginner's American History • D. H. Montgomery

... same training and pass the same examinations, i.e. in the constitutional, administrative and judicial organization of the various powers, in international law, commercial law and maritime law, in the history of treaties and in commercial and political geography, in political economy, and in the German and English languages. They have to serve three years abroad or attached to some ministerial department before they can enter for the examination which entitles them to an appointment as attache or as consul suppleant. This assimilation of the consular to the diplomatic ...
— Encyclopaedia Britannica, 11th Edition, Volume 7, Slice 2 - "Constantine Pavlovich" to "Convention" • Various

... think so?—That would be a very pleasant fact ... Before I forget, however. You can be of some service to me in the matter. You will deserve very well of political economy, if you ... ...
— The Dramatic Works of Gerhart Hauptmann - Volume I • Gerhart Hauptmann

... not the smallest sentimental sympathy with the negro; don't believe in him at all, in short. But it is clear to me that slavery means, for the white man, bad political economy; bad social morality; bad internal political organisation, and a bad influence upon free labour and freedom all over the world. For the sake of the white man, therefore, for your children and grandchildren, directly, and for mine, indirectly, I wish ...
— The Life and Letters of Thomas Henry Huxley Volume 1 • Leonard Huxley

... about payment, as I have hinted, is that literature has no objective value really, but only a subjective value, if I may so express it. A poem, an essay, a novel, even a paper on political economy, may be worth gold untold to one reader, and worth nothing whatever to another. It may be precious to one mood of the reader, and worthless to another mood of the same reader. How, then, is it to be priced, and how is it to be fairly marketed? ...
— Henry James, Jr. • William Dean Howells

... the truth of his view, he would point to the new science of Political Economy. Here already was a large area of human activity in which natural laws were found to act unerringly. Men had gone on for centuries trying to regulate trade on moral principles. They would fix wages according to some imaginary rule of fairness; ...
— Short Studies on Great Subjects • James Anthony Froude

... case of mutual accommodation in the political economy of the ants and aphides: a free interchange of services between the ant as consumer and the aphis as producer. Why the aphides should have acquired the curious necessity for getting rid of this sweet, sticky, and ...
— Falling in Love - With Other Essays on More Exact Branches of Science • Grant Allen

... that the volume in question was recently purchased along with about 1000 other pamphlets and books, chiefly on political economy: all of which appear to have formerly belonged to the late Lord Bexley, and to have been for the most part collected by him when Chancellor ...
— Notes and Queries, Number 212, November 19, 1853 • Various

... social modifications otherwise difficult to understand. If they can do no more, the two sciences can at least exchange suggestions and confirmations; and this will be no small aid. The conception of "the physiological division of labour," which political economy has already supplied to physiology, is one of no small value. And probably it has ...
— Essays: Scientific, Political, & Speculative, Vol. I • Herbert Spencer

... through which the United States passed during the last decade of the nineteenth century cannot fail to impress the student of political economy with the fact that commercial revolution is a normal result of industrial evolution. Within a period of twenty-five years the transportation of commodities has grown to be not only a science, but a power in the betterment of civil and political life as well; and the world, which in the ...
— Commercial Geography - A Book for High Schools, Commercial Courses, and Business Colleges • Jacques W. Redway

... the nineteenth year of his age, he gives an account of how he spends his day. It is too long to quote, but, beginning by "getting up at half-past six," it includes steady reading in natural history, poetry, political economy, science, mathematics and German. Breakfast, luncheon and tea are mentioned in due course; but there is no reference to dinner or supper. These functions were doubtless regarded by the young student as frivolous ...
— Punch, or the London Charivari, Vol. 147, December 30, 1914 • Various

... fully aware that, in the course of this work, he has developed no new principle of political economy, and that he has only travelled in the broad beaten path in which hundreds have journeyed before him. For troubling, therefore, the public with a repetition of principles, of which the truth is so generally known and acknowledged, ...
— Statistical, Historical and Political Description of the Colony of New South Wales and its Dependent Settlements in Van Diemen's Land • William Charles Wentworth

... games have contributed in every instance to the general end,—that repulse has been invariably followed by overbalancing success. They must have been aware that the contrast between the feeling of the North and that of the South has tended to foreshadow the issue. Upon grounds of political economy, a life-long study to them, they must have viewed with vast suspicion the ability of a people to attain independence, who are trammelled by a blockade which they are themselves fain to acknowledge effectual, prevented ...
— Atlantic Monthly,Volume 14, No. 82, August, 1864 - A Magazine Of Literature, Art, And Politics • Various

... the bitter dominie (who rarely left the studies in political economy which he found a solace for his thwarted powers), happened to be at the Cross that evening. A brooding and taciturn man, he said nothing till others had their say. ...
— The House with the Green Shutters • George Douglas Brown

... necessarily founded upon talk. My friend and I were eager to know not only about each other but about everything else in the universe. Mallet's influence became at once very great upon me at a point where I much needed it. He was deeply interested, and very well-read for a boy of his age, in Political Economy. His father, Sir Louis Mallet, was not only one of the most famous and most enlightened of Civil Servants, but had made a scientific study of the theory of economics. Besides that he had acted as Cobden's ...
— The Adventure of Living • John St. Loe Strachey

... was also an excellent Latinist, and had a profound acquaintance with geometry, and the other branches of mathematical science. For knowledge of the various eastern tongues he was no unequal match for Lee, of Cambridge; while his acquirements in natural philosophy, political economy, and metaphysics, were such as would have fairly entitled him to prelect on these subjects in any university in Europe. Besides this, he had an exquisite poetical genius; and, in his very first contest, succeeded ...
— The Mirror of Literature, Amusement, and Instruction, No. 565 - Vol. 20, No. 565., Saturday, September 8, 1832 • Various

... admirers at Cambridge. His philosophical theories are not very clear. He thinks, like some other people, that Locke's chapter on 'Substance' is 'unsatisfactory'; and agrees with some 'strictures' on the early chapters of Mill's 'Political Economy.' He writes an essay to explode the poor old social contract. He holds that the study of metaphysics is desirable, but adds the note, 'not including ontological inquiries under the head of metaphysics.' He denies, however, ...
— The Life of Sir James Fitzjames Stephen, Bart., K.C.S.I. - A Judge of the High Court of Justice • Sir Leslie Stephen

... circumstances, in order to prevent, if possible, the recurrence of a similar disaster. But unfortunately the ministers of the day, though well-meaning, were any thing but cautious. The majority of them were imbued with speculative notions of political economy. They were disciples of a school which rejects facts and cleaves implicitly to theory—men who threw considerations of circumstance, time, and national characteristics aside, as prejudices too low ...
— Blackwood's Edinburgh Magazine, Volume 56, Number 350, December 1844 • Various

... "Political economy isn't your strong point," said the consul, impudently. "You can't create a demand. But you can create a necessity for a demand. That's what I am going ...
— Cabbages and Kings • O. Henry

... having completed the gymnasium which, as a classical school, would be universally admitted to rank with our colleges.... If an American (or a Canadian) wishes to pursue a special course in history, politics and political economy, mathematics, philosophy, or in any one of many other studies lying outside of the three professions, law, medicine, and theology, he must go to Europe. Again, whoever desires even in theology, law and medicine to ...
— The Intellectual Development of the Canadian People • John George Bourinot

... their desire to avoid any agreement with Clarendon, to find some excuse for it. "It is by no means clear," writes Mr. Christie, the biographer of Ashley, "that special circumstances did not counsel an exception to the general rules of political economy." So easily are fundamental principles made to bend to the exigencies of personal advocacy!] But the result was to prove to him once more how little reliance could be placed on any apparently settled conviction ...
— The Life of Edward Earl of Clarendon V2 • Henry Craik

... only it extracted more money than juice. After a while he came to the conclusion that our attempts at reviving our industries were not succeeding for want of a bank of our own. He was, at the time, trying to teach me political economy. This alone would not have done much harm, but he also took it into his head to teach his countrymen ideas of thrift, so as to pave the way for a bank; and then he actually started a small bank. Its high rate of interest, ...
— The Home and the World • Rabindranath Tagore

... did not know how far civilization would extend. He could not foretell railroads and electric telegraphs, any more than he could political economy, or sanitary science. But the best that he knew, he taught—and did also, working with his own hands. He was faithful in a few things, and God made him ruler over many things. For out of those monasteries sprang—what did not spring? They restored again and again sound ...
— The Roman and the Teuton - A Series of Lectures delivered before the University of Cambridge • Charles Kingsley

... thinking-machines. But while the mathematician has his notations and his calculus, the geographer and geologist their maps, reliefs and sections, the naturalist his orderly classificatory methods, it has been the misfortune and delay of political economy, and no small cause of that "notorious discord and sterility" with which Comte reproached it, that [Page: 67] its cultivators have so commonly sought to dispense with the employment of any definite scientific notations; while even its avowed statisticians, in this country ...
— Civics: as Applied Sociology • Patrick Geddes

... industry, and of the world of wealth generally, to the political world is one of the chief problems of modern times. Under what form is this problem beginning to engage the attention of Germans? Under the form of protective tariffs, of the system of prohibition, of political economy. Teutomania has passed out of men and gone into matter, and thus one fine day we saw our cotton knights and iron heroes transformed into patriots. Thus in Germany we are beginning to recognize the sovereignty of monopoly at home, in order that it may be invested with ...
— Selected Essays • Karl Marx

... of improvement, with a canal and two railroads in embryo. Lots doubled in price every week; everybody was speculating in land; everybody was rich; and everybody was growing richer. The community, however, was torn to pieces by new doctrines in religion and in political economy; there were camp meetings, and agrarian meetings; and an election was at hand, which, it was expected, would throw the ...
— The Crayon Papers • Washington Irving

... with the economic waste of profitable "human material" and the still more serious exhaustion of the supply, the propertyless wage earner or salaried man for the first time obtains a definite status in the official political economy; he becomes the property of the nation viewed "as a business firm," a part of "our" capital. His position was much like a peasant or a laborer during the formation of the feudal system. To obtain any status at all, to become half free he had to become somebody's "man." Now he is the "man," ...
— Socialism As It Is - A Survey of The World-Wide Revolutionary Movement • William English Walling

... wholly opposed to socialism as a formal creed, have likewise pitched upon the soldier's conduct in war as a signal illustration of the potentialities of human nature in peace. Thus Ruskin says that his whole scheme of political economy is based on the moral assimilation of industrial action to military. "Soldiers of the ploughshare," he exclaims in one of his works, "as well as soldiers of the sword! All my political economy ...
— A Critical Examination of Socialism • William Hurrell Mallock

... their views. These methods of discussion are most employed in treating of social topics, and they are disastrous to sound study of facts. They help to hold the social sciences under the dominion of metaphysics. The abuse has been most developed in connection with political economy, which has been almost robbed of the character of a serious discipline by converting its ...
— Folkways - A Study of the Sociological Importance of Usages, Manners, Customs, Mores, and Morals • William Graham Sumner

... residing as a political exile,) a series of lectures, which will soon be given to the world in a volume, upon the subject of his favorite studies. M. Lechevalier's system, which he denominates "New Political Economy," is based upon the principle of association, in opposition to that of competition and laissez-faire, which constitute the groundwork of the school of the present political economists. In the course of his series he pointed out the gradual tendency of the competitive principle to produce ...
— International Miscellany of Literature, Art and Science, Vol. 1, - No. 3, Oct. 1, 1850 • Various

... germs of their most fruitful theories they found elsewhere—chiefly among the thinkers of England; and, when they attempted original thinking on their own account, though they were bold and ingenious, they were apt also to be crude. In some sciences—political economy, for instance, and psychology—they led the way, but attained to no lasting achievement. They suffered from the same faults as Montesquieu in his Esprit des Lois. In their love of pure reason, they ...
— Landmarks in French Literature • G. Lytton Strachey

... plutocrats who abetted his proceedings by their applause though they abstained from following his example? Is there any apology for them at all but one essentially Christian? Not that Christianity makes any great fuss over munificence, or gives political economy reasonable ground for apprehension on that score. Plutocracy deifies Mr. Peabody; Christianity measures him and pronounces his millions worth less than the ...
— Lectures and Essays • Goldwin Smith

... art are more carefully discussed and more widely diffused than they are in any other country. But they are theories of an essentially untechnical, amateurish, literary kind. The English critic calls all law and philosophy, all rules of morals and manners, of religion and political economy and science and scientific aesthetics, to aid his critical faculty when he needs must speak of pictures. In Germany there is also much theorizing, but of a different kind. It is not so much the ...
— Lippincott's Magazine, December 1878 • Various

... reformatory penal colony," said Sir James Mackintosh, "is the grandest ever tried; but New South Wales is governed on principles of political economy more barbarous than those which prevailed under Queen Bess."[97] This great statesman, who declared no provincial sphere seemed to him so worthy a noble ambition, as to become the legislator for these colonies, never failed to denounce the accumulation ...
— The History of Tasmania, Volume I (of 2) • John West

... "in this hurly-burly of life. We are capable of looking on and of being interested, and we DO look on, and we ARE interested. What more can we do? Here is my Beauty daughter, married these three years. Now I dare say her marrying another child, and having two more, was all wrong in point of political economy, but it was very agreeable. We had our little festivities on those occasions and exchanged social ideas. She brought her young husband home one day, and they and their young fledglings have their ...
— Bleak House • Charles Dickens

... things, he took very naturally to political economy, read all the books on the subject which were put forth by his own countrymen, attended all lectures thereon, and boxed the technology of the sublime science as expertly as an ...
— Crotchet Castle • Thomas Love Peacock

... one in the last analysis must decide. Your menage, no matter how simple, must have a head. It is a law of the universe itself, and it is the law of mankind. You see, I have done some political economy." ...
— The Sky Pilot in No Man's Land • Ralph Connor

... struggle with equal enthusiasm and perseverance. It was fortunate for him that M. de Talleyrand and the Abbe de Montesquiou had been his associates in the Church in early youth, and had always maintained a close intimacy with him. Both having enlightened views on political economy, they supported him strongly in the Council and in the Chambers. The Prince de Talleyrand even undertook to present his bill to the Chamber of Peers, adopting boldly the responsibility and the principles. This sound policy was well carried through by the whole ...
— Memoirs To Illustrate The History Of My Time - Volume 1 • Francois Pierre Guillaume Guizot

... Trained to lead men, they drove sheep. The owner of the farm was an ignorant, coarse sheep-raiser. He knew nothing of books or theories, but he knew sheep. His three hired graduates could speak foreign languages and discuss theories of political economy and philosophy, but he could make money. He could talk about nothing but sheep and farm; but he had made a fortune, while the college men could scarcely get a living. Even the University could not supply common sense. It was "culture against ignorance; the college ...
— Pushing to the Front • Orison Swett Marden

... industrial pursuits for the children of poor soldiers; and the Comte de Brienne, whose thirty villages are to demand liberty of the Convention.[1339] The rest, for the most part liberals, content themselves with discussions on public affairs and on political economy. In fact, the difference in manners, the separation of interests, the remoteness of ideas are so great that contact between those most exempt from haughtiness and their immediate tenantry is rare, and at long intervals. Arthur Young, needing some information at the house of the Duc de Larochefoucauld ...
— The Origins of Contemporary France, Volume 1 (of 6) - The Ancient Regime • Hippolyte A. Taine

... and hold some of his remedies to tend rather to a dissolution than a reconstruction of society, yet we are bound to admit the benevolence and philanthropy of his motives. The scope of the work is nothing less than the whole field of political economy." ...
— Annie Besant - An Autobiography • Annie Besant

... elsewhere. For instance, in view of the great power exerted by the newspaper press, it might be desirable to have a course of study for those who think of taking up journalism as a profession. In such a course, political economy, constitutional and international law, English and American history, and the modern languages and literatures should constitute a full and serious discipline. It is not probable that the study of philology will ever attract ...
— Lippincott's Magazine of Popular Literature and Science - February, 1876, Vol. XVII, No. 98. • Various

... and in 1913 he began preparing definitely for an Oxford University scholarship. He read thoroughly and covered a wide field. In addition to the systematic study of History, he touched the fringes of philosophy and political economy. He was helped in his studies by a very retentive memory. One of his schoolfellows said to me, "Paul has only to read a book once and it is for ever imprinted on his mind." Among the historical writers whom he read ...
— War Letters of a Public-School Boy • Henry Paul Mainwaring Jones

... had declared his aversion for what he called the dry facts of political economy, was found one day knitting his brows over a book on that subject. When a friend expressed surprise, the man replied: "I am playing the schoolmaster with myself. I am reading this ...
— The True Citizen, How To Become One • W. F. Markwick, D. D. and W. A. Smith, A. B.

... their experience has not been of a kind to give them practical wisdom in that vastly more important part of government which depends for success on common sense and business-habits. The members of the South Carolina Convention have probably less knowledge of political economy than any single average Northern merchant whose success depends on an intimate knowledge of the laws of trade and the world-wide contingencies of profit and loss. Such a man would tell them, as the result of invariable experience, ...
— Atlantic Monthly Volume 7, No. 40, February, 1861 • Various

... interest in the delightful study of political economy, and who have examined the condition of the people in different countries, with a view to discover the causes of their welfare or their suffering, there is no spectacle so interesting as that which the situation of the people in Flanders affords. The country ...
— Travels in France during the years 1814-1815 • Archibald Alison

... from other prognostics, it is quite evident that sounder principles of political economy and accurate experience of human life show that much of the old Scottish hospital system was quite wrong and must be changed. Changes are certainly going on, which seem to indicate that the very hard Presbyterian views of some points connected with Church matters ...
— Reminiscences of Scottish Life and Character • Edward Bannerman Ramsay

... does not offer the other cheek or turn his back to be kicked after a knock to the ground. Instead of asking him to forgive, which he cannot do, you must teach him to admire. A mercantile community guided by Political Economy from the ledger to the banquet presided over by its Dagon Capital, finds that difficult. However, there 's the secret of him; that I respect in him. His admiration of an enemy or oppressor doing ...
— The Shaving of Shagpat • George Meredith

... in any branch of technical science that is wanted. No knowledge of chemistry, physics, or biology, however extensive, can give the learner much aid in forming a correct opinion of such a question as that of the currency. If we should claim that political economy ought to be more extensively studied, we would be met by the question, which of several conflicting systems shall we teach? What is wanted is not to teach this system or that, but to give such a training that the student shall ...
— Side-lights on Astronomy and Kindred Fields of Popular Science • Simon Newcomb

... Laughlin, who makes the following remarkable study of the German financial emergency, was lecturer on political economy in Berlin on the invitation of the Prussian Cultur Ministerium in 1906, and since 1892 has been head of the Department of Political Economy in the University of Chicago. He is acknowledged to be one of the foremost American economists and the views ...
— New York Times Current History: The European War, Vol 2, No. 1, April, 1915 - April-September, 1915 • Various

... reader! you have had before, The worst of tempests and the best of battles, That e'er were brewed from elements or gore, Besides the most sublime of—Heaven knows what else; An usurer could scarce expect much more— But my best canto—save one on astronomy— Will turn upon "Political Economy."[651] ...
— The Works of Lord Byron, Volume 6 • Lord Byron

... involved the strongest commendation. At one time a woman was seriously thought of for president of the university but she refused to consider it. At present (1920) two of the four most highly paid professors are women at the head of the combined departments of Psychology and Philosophy and of Political Economy and Sociology. There are five women on the Faculty, receiving the same compensation as the men holding equal positions. Women are full professors in History, English and Home Economics. The professor of Elementary Education and supervisor of the training ...
— The History of Woman Suffrage, Volume VI • Various

... in political economy to the young politician of Liberia: Always bear in mind, that the fundamental principle of every nation is self-reliance, with the ability to create their own ways and means: without this, there is no capacity for self-government. In this short review of public affairs, it is done neither ...
— Official Report of the Niger Valley Exploring Party • Martin Robinson Delany

... expected you to say. These words can be used in defence of almost any injustice and tyranny. Such terms as 'political economy,' 'communism,' 'socialism,' are bandied about in the same way. Yet propositions coming fairly within these terms are often mentioned with approval by the very persons who cast them at you. In a report of a recent Royal Commission I find that one of the Commissioners is quite as revolutionary ...
— Ginx's Baby • Edward Jenkins

... was more dignified and subtle in its wickedness. Politics continued notoriously bad. Comedians in the new Metropolitan Theatre made jokes about ballot-boxes said to have false bottoms, and public officials who had taken their degrees in "political economy" ...
— Port O' Gold • Louis John Stellman

... Well, perhaps there are none—in Boston, U.S., where he was raised. There are only a clumsy lot of spirits there, who can't make people hear without thumping on the table: but they get their living thereby, and I suppose that is all they want. And Aunt Agitate, in her Arguments on political economy, says there are none. Well, perhaps there are none—in her political economy. But it is a wide world, my little man—and thank Heaven for it, for else, between crinolines and theories, some of us would get squashed—and plenty of room in it for fairies, without people seeing them; ...
— The Water-Babies - A Fairy Tale for a Land-Baby • Charles Kingsley

... raising up whole nations against him. The hurling of twenty kings from their thrones would have excited less hatred than this contempt for the wants of nations. This profound ignorance of the maxims of political economy caused general privation and misery, which in their turn occasioned general hostility. The system could only succeed in the impossible event of all the powers of Europe honestly endeavouring to carry it into effect. A single free port would have destroyed ...
— The Memoirs of Napoleon Bonaparte • Bourrienne, Constant, and Stewarton

... faire, laissez passer! The master of horses, when the summer labor is done, has to feed his horses through the winter. If he said to his horses: 'Quadrupeds, I have no longer work for you; but work exists abundantly over the world: you are ignorant (or must I read you Political Economy pictures) that the steam engine always in the long-run creates additional work? Railways are forming in one quarter of this earth, canals in another, much cartage is wanted; somewhere in Europe, Asia, ...
— The Settlement of Wage Disputes • Herbert Feis

... in the arithmetical and geometrical ratios, set up in political economy by the celebrated Mr. Malthus. His numbers will go on smoothly enough, 1, 2, 4, 8, 16, 32, as representing the principle of population among mankind, and 1, 2, 3, 4, 5, 6, the means of subsistence; but restiff and uncomplying nature ...
— Thoughts on Man - His Nature, Productions and Discoveries, Interspersed with - Some Particulars Respecting the Author • William Godwin

... here. A thoroughly unaffected, unpretending, man; so modest indeed that I was ashamed afterwards to think how I had harangued him all the Evening, instead of getting him to instruct me. But I would not ask him about his Parliamentary Shop: and I should not have understood his Political Economy: and I believe he was very glad to be talked to instead, about some of those he knew, and some whom I had known. And, as we were both in Crabbe's Borough, we talked of him: the Professor, who had never read a word, I believe, about him, or of ...
— Letters of Edward FitzGerald to Fanny Kemble (1871-1883) • Edward FitzGerald

... with whether we will or no, and that rends us and grinds us to powder if only it can once get in the thin end of a chance. Take shaky bitter old Miss Catherine for your unit, multiply her to the nth, and there you see the irreducible power we have to fight against. All one's political economy is very well in its way; but the practical master of the situation is Pi, sitting autocratically in many-headed judgment on our poor solitary little individualities, and crushing us irretrievably with the dead weight of its inexorable ...
— Philistia • Grant Allen

... recognize, although it is usual to have them tested by an expert before buying. And, when all is said and done, there is the difference in intrinsic value. And you need not imagine that value is a figment. Political economy affords us two different standards of value, the Marxian and the Orthodox. So you cannot escape from believing in it. A thing is valuable either (a) according to the amount of labour it embodies, or (b) according ...
— Hortus Vitae - Essays on the Gardening of Life • Violet Paget, AKA Vernon Lee

... Giddings is Professor of Sociology and the History of Civilization at Columbia University; author of many works on sociology and political economy; President of Institut ...
— The New York Times Current History of the European War, Vol. 1, January 9, 1915 - What Americans Say to Europe • Various

... clung to in order to maintain their subordination in domestic life; because the generality of the male sex cannot yet tolerate the idea of living with an equal. Were it not for that, I think that almost every one, in the existing state of opinion in politics and political economy, would admit the injustice of excluding half the human race from the greater number of lucrative occupations, and from almost all high social functions; ordaining from their birth either that they are not, and cannot by any possibility become, fit for employments which are legally ...
— The Subjection of Women • John Stuart Mill

... by the street-fair, or a town assisted to get on a firm financial basis through the ministry of the tom-tom, is a problem. I leave the question with students of political economy and pass on to a local condition which is not a theory. The religious revivals that have recently been conducted in various parts of the country were most carefully planned business schemes. One F. Wilbur ...
— Love, Life & Work • Elbert Hubbard

... the resident population of the island cannot have exceeded a few hundreds, and every step was adopted which a vicious political economy could suggest to keep the numbers down. It was made penal for a settler to dwell within six miles of the shore, for a planter to cut down wood or plant within six miles from the shore, for any planter ...
— The Story of Newfoundland • Frederick Edwin Smith, Earl of Birkenhead

... lawyer and Nationalist leader, was born at Glenfin, Donegal, in 1813, his father being the Episcopalian rector of Stranorlar. Having won high honours at Trinity, Dublin, he was appointed professor of political economy in 1836. In 1838 he was called to the bar, and not only soon obtained a good practice, but became known as a politician on the Protestant Conservative side, and an opponent of O'Connell. In 1844 he was made a Q.C. He figured in nearly all the important Irish law ...
— Encyclopaedia Britannica, 11th Edition, Volume 4, Part 4 - "Bulgaria" to "Calgary" • Various

... the human mind; the demonstrated truths of political economy; the analysis of cause and effect, all ...
— The Complete Works of Whittier - The Standard Library Edition with a linked Index • John Greenleaf Whittier



Words linked to "Political economy" :   nominal, economic consumption, use, tight, macroeconomics, deflationary, theory of games, supply-side economics, marginal utility, real, econometrics, use of goods and services, social science, productivity, Gresham's Law, moral hazard, finance, inflationary, utility, game theory, production, consumption, monopoly, capital account, easy, usance, spillover, microeconomics, economic theory, monopsony, oligopoly



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