Letters to Mr. Malthus on Several Subjects of Political Economy

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Letters To Mr. Malthus On Several Subjects Of Political Economy. PREFACE THE science of Political Economy is at once one of the most important and interesting to mankind, It has in the course of a few years made great progress, and has attracted the attention and become the study of, a considerable portion of the alightened part of the public. Every attempt therefore, to elucidate the subject of it will be kinldly received, more particularly as a general knowledge of its principles cannot fail to produce incalculable advantages to the world. . Mr. Say was the first writer who attempted to raise Political Economy to the rank of the exact sciences how he has succeeded the public have the means of appreciating posterity will decide. Until the appearance of the Traitidonomie Politique, it had been limited to theories drawn from partial views of isolated facts and statistical histories, and from circumstances which it was always uncertain whether they had been fully observed or contemplated. No attempt was made ta define the true nature of production, and to consider the thing in itself to form just ideas on this subject and, following them to their remotest consequences, to establish such a basis as should prove a true guide under every circumstance. Mr. Say had most clearly shown that markets for commodities are created by and depend upon the production of commodities which can only be purchased by producers, or their representatives not by unprodrctive consumers.