Principles of Political Economy: Abridged with Critical, Bibliographical, and Explanatory Notes, and a Sketch of the History of Political Economy — John Stuart Mill — John Shaqi
Principles of Political Economy: Abridged with Critical, Bibliographical, and Explanatory Notes, and a Sketch of the History of Political Economy
John Stuart Mill · en
As Cobden had an influence on Bastiat, so both had an influence in Germany
in creating what has been styled by opponents the “Manchester school,” led
by Prince-Smith (died 1874). They have worked to secure complete liberty
of commerce and industry, and include in their numbers many men of ability
and learning. Yearly congresses have been organized for the purpose of
disseminating liberal ideas, and an excellent review, the
“Vierteljahrschrift für Volkswirthschaft, Politik, und
Kulturgeschichte,”(73) has been established. They have devoted themselves
successfully to reforms of labor-laws, interest, workingmen’s dwellings,
the money system, and banking, and strive for the abolition of protective
duties. Schulze-Delitzsch has acquired a deserved reputation for the
creation of people’s banks, and other forms of co-operation. The
translator of Mill into German, Adolph Soetbeer,(74) is the most eminent
living authority on the production of the precious metals, and a vigorous
monometallist. The school is represented in the “Handwörterbuch der
Volkswirthschaftslehre” (1865) of Reutzsch. The other writers of this
group are Von Böhmert,(75) Faucher, Braun, Wolff, Michaelis,
Emminghaus,(76) Wirth,(77) Hertzka, and Von Holtzendorf. The best known of
the German protectionists is Friedrich List, the author of “Das nationale
System der politischen Oekonomie” (1841), whose doctrines are very similar
to those of H. C. Carey in this country.(78) An able writer on
administrative functions and finance(79) is Lorenz Stein, of Vienna.