Download PDF by Nassau W. Senior: An Outline of the Science of Political Economy

By Nassau W. Senior

ISBN-10: 1410203859

ISBN-13: 9781410203854

Nassau William Senior (1790-1864) - economist, serious essayist and govt adviser - used to be a hugely unique classical economist within the period among Ricardo's ideas of 1817 and Mill's rules of 1848. He used to be the 1st Professor of Political economic climate at Oxford, and in his released works he made unique contributions to the speculation of price, lease, inhabitants, funds, and overseas alternate. Senior used to be an energetic proponent of laissez-faire. even though Senior didn't in attaining the originality and effect of the best economists of the classical university - Smith, Ricardo, and Malthus - he did make a permanent contribution at the improvement of economics. John Stuart Mill took a lot attempt to reply to Senior.

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The preventive checks are promiscuous intercourse and abstinence from marriage. The first is moral evil; the second is, with a very few exceptions, so few indeed that they do not affect the result, founded on an apprehended deficiency of some of the things to which we have given the general appellation of wealth. All the preventive and positive checks may therefore be distributed under prudence, moral evil, and physical evil. We will first consider the positive check. We have seen that this check includes all the causes which tend, in any way, prematurely to shorten the duration of human existence: such as unwholesome occupations, severe labour, or exposure to the seasons, bad or insufficient food or clothing, bad nursing of children, excesses of all kinds, the corruption of the air from natural causes, or from large towns, wars, infanticide, plague, and famine.

The fuel, shelter, and raiment, which are essential to a Laplander's existence, would be worse than useless under the Tropics. And as habits and occupations are very slowly changed, and climate suffers scarcely any alteration, the commodities which are necessary to the different classes of the inhabitants of a given district may, and generally do, remain for centuries unchanged, while their decencies and luxuries are continually varying. Among all classes the check imposed by an apprehended deficiency of mere luxuries is but slight.

Suppose it possible that we might be able to raise or to import the subsistence of two hundred millions of people: is it possible that one hundred and twenty-five years hence we should be able to support four hundred millions? or, in one hundred and fifty years, eight hundred millions? It is clear, however, that long before the first century had elapsed, long before the period at which, if unchecked, we should have attained two hundred millions, no excellence in our institutions, or salubrity of climate, or unremitting industry, could have saved us from being arrested in our progress by a constantly increasing want of subsistence.

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An Outline of the Science of Political Economy by Nassau W. Senior


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