who are engaged in conducting, or in patronising or promoting
education, should consider it a matter of no small moment to instil,
betimes, just notions on subjects with which all must in after-life be
practically conversant, and in which no class of men, from the highest
to the lowest, can, in such a country as this at least, be safely left
in ignorance or in error." In later years like opinions have been held
and efforts made by Mr. William Ellis, Professor W.B. Hodgson, Dr. John
Watts, Mr. Templar, and others, and experience seems to confirm both the
need and the practicability of the teaching advocated by Whately. But it
is evident that one condition of success in such efforts is the
possession of a small text-book exactly suited to the purposes in view.
Relying upon my experience of ten years in the instruction of
pupil-teachers at Manchester, I have now put my lessons into the
simplest form which the nature of the subject seems to render advisable.
It is hoped that this little treatise may also serve as a stepping-stone
to a knowledge of the science among general readers of maturer age, who
have hitherto neglected the study of political economy.
Owing to the narrow limits of the space at my disposal, it was
impossible to treat the whole of the science in a satisfactory way. I
have, therefore, omitted some parts of political economy altogether, and
have passed over other parts very briefly. Thus the larger portion of my
space has been reserved for such subjects as Production, Division of
Labour, Capital and Labour, Trades-Unions, and Commercial Crises, which
are most likely to be interesting and useful to readers of this Primer.
UNIVERSITY COLLEGE,
GOWER STREET, LONDON, W.C.
_31st January, 1878_.
SCIENCE PRIMERS.
_POLITICAL ECONOMY_.
CHAPTER I.--INTRODUCTION.
#1. What is Political Economy?# Political Economy treats of #the wealth
of nations#; it inquires into the causes which make one nation more rich
and prosperous than another. It aims at teaching what should be done in
order that poor people may be as few as possible, and that everybody
may, as a general rule, be well paid for his work. Other sciences, no
doubt, assist us in reaching the same end. The science of mechanics
shows how to obtain force, and how to use it in working machines.
Chemistry teaches how useful substances may be produced--how beautiful
dyes and odours and oils, for instance, may be extracted from the
disagreeable refuse of the gasworks. Astronomy is necessary for the
navigation of the oceans. Geology guides in the search for coal and
metals.
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