The International Magazine, Volume 2, No. 3, February, 1851Various
History
The International Magazine, Volume 2, No. 3, February, 1851
Various
Art, Modern -- 19th century -- Periodicals; Literature, Modern -- 19th century -- Periodicals; Science -- History -- Periodicals
From 1803, a period of almost fifty years, since Ricardo published his
doctrine of Rent, there has not been even an attempt, except Carey's, to
add any thing to political economy. Senior, Whateley, and a thousand
others, have been disputing about words, while as many others have been
attacking Malthus and Ricardo; but no one has attempted to discover
laws, to take the place of those which were assailed. Of the supporters
of these writers, every one has been compelled to admit that their laws
did not cover the facts, and to interpolate accommodating passages. John
Stuart Mill, in his recent work, has done this even more largely than
his predecessors, and so furnished additional proof that their laws were
_not_ laws, but mere anarchy. Ricardo had to leave a place of escape for
difficult facts[24] and his successors have since found themselves
obliged to open so many new ones, that his laws are now like sieves.
The period was propitious for a discoverer. The opinion of D'Alembert
that the steps of Civilization were to be taken in the middle of each
century, was to be confirmed by a new illustration.
Mr. Carey's father was a practical man; all his children were trained to
affairs; thus they became observers. The students of books are rarely
creators in science. Truth is most likely to be evolved in the school of
experience. From the age of seven years until he was twenty-one, Mr.
Carey was in his father's bookstore. From 1821 to 1838, he was a partner
in the important publishing house of Carey, Lea & Carey, and Carey &
Lea; but in this period he passed one season abroad, we believe
immediately after his marriage with a sister of Leslie the painter. The
determination of his mind was already fixed, when his retirement from
business enabled him to devote his faculties entirely to the science
with which his name will for ever be associated.
Mr. Carey's first book--_An Essay on the Rate of Wages_--was published
in 1836, and was soon after expanded into _The Principles of Political
Economy_, which appeared in three octavo volumes in 1837--1840.
Public-domain text, read in full here on John Shaqi.
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