A Lecture on the Importance of a Christian Basis for the Science of Political Economy, and Its Application to the Affairs of Life (Classic Reprint) - Softcover

Hughes, John

Softcover

ISBN 10: 133097946X ISBN 13: 9781330979464

Publisher: Forgotten Books, 2024

Synopsis

Excerpt from A Lecture on the Importance of a Christian Basis for the Science of Political Economy, and Its Application to the Affairs of Life

Political Economy professes to treat of the material wealth of nations, and to trace out the laws which govern and regulate its tendencies to increase or diminution. By material wealth, it would have us to understand not only the precious metals, as gold and silver, but all descriptions of property, having an exchangeable value. Whatever substance, whether in the heavens above, or in the earth beneath, or in the waters under the earth, is consecrated to the use of mankind, by the expenditure of human capital, or human labor, passes, ipso facto, under the scientific dominion of Political Economy.

From this view it would seem, at first, impossible to take any adequate cognizance of a subject so vast, so complex, and so essentially variable. This is, indeed, to a great extent correct; and the science finds itself so often at fault, even on matters which it ought, by this time, to understand thoroughly, that he he must be a credulous man, who places implicit confidence in even its most elaborate conclusions. Yet, on the other hand, it is the special province of all science to take up, and arrange, and analyze, distribute and classify, under general heads, the various subjects which it investigates; and no matter how complicated may seem to be the material affairs of wealth and industry, in the social relations of individuals, or in the great commercial business of nations, the science of Political Economy has reduced, from the patient study of details, certain leading principles, according to which it has distributed the whole subject into special departments, which simplify questions in a manner almost inconceivable. True it is, that the professors of the science are not always agreed, as to the accuracy of its classifications, or the soundness of its principles.

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Edition details

• Publisher: Forgotten Books
• Publication date: 2024
• ISBN 10: 133097946X
• ISBN 13: 9781330979464
• Binding: Paperback
• Language: English
• Number of pages: 36