Four Essays

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Excerpt from Four Essays: The Science of Political Economy, Political Economy and Industry and Their Relations, Impolicy of Protective Duties, A Position of the Friends of the High Tariff Examined It appears, then, that human industry 13 concerned, more or less, in the production of almost every thing that we consume, or that 1s of any utility for the support, the comfort, or the convenience of life, it follows that whatever cause may afect that industry in such a manner as to in¿uence the quantity, the quality, or the nature of its productions, must necessarily par take of the importance of that industry itself. It IS necessary here to point out a distinction which has been wholly overlooked by political economists, but which nevertheless 1s essential to a knowledge of the true nature of the science of political economy. We mean the distinction between the causes which in¿uence industry, and those which in¿uence production. The former are to the latter as a part to the whole. Whatever influences industry, in¿uences production, but it does not follow, that, whatever in fluences production, influences industry. 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.