The Slave Power: Its Character, Career, and Probable Designs: Being an Attempt to Explain the Real Issues involved in the American Contest (ILLUSTRATED). John Elliot Cairnes (), Irish economist, Professor of Political Economy at the University of Oxford, was a follower of Ricardo and Mill. His work clarified. b. Castlebellingham, Co. Louth, ed. Kingstown [Dun Laoghaire]; TCD grad. ; MA ; worked first at Brewery in Drogheda; while at Galway he was.
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Stanton,Fortnightly Reviewp. This doctrine, expounded by Mill in his Principles ellkot, had been relinquished by him, but Cairnes still undertook to defend it.
John Elliot Cairnes
John’s father decided upon a business career, against the wishes of his mother Catherine Cairnds of Moore Hall, Killinchyand became a partner in the Woolsey Brewery at Castlebellingham. Wikisource has original text related to this article: Cairnes’ exposition of the natural or social limit to free competition, and of its bearing on the theory of value: In its developed form, it constitutes an analysis of the factors underlying inflation and deflation.
Learn more about citation styles Citation styles Encyclopedia. To the view of the province and method of political economy expounded in this early work the author always remained true, and several of his later essays, such as those on Political Economy and LandPolitical Economy and Laissez-Faireare but reiterations of the same doctrine.
Cairnes, John Elliott
Get fast, free shipping with Amazon Prime. Cairnes’ analysis of cost of production in its relation to value: Slaverycondition in which one human being was owned by another. Keep Exploring Britannica Christopher Columbus.
Taken as a whole, the works of Cairnes formed cairnea most important contribution to economical science made by the English school since the publication of J.
Elilot “,Athenaeum repr. Society may thus be regarded as consisting of a series of noncompeting industrial groups, with free competition among the members of any one group or class. He was remembered for his great business capacity and for the deep interest he took in charity.
According to Mill, the universal elements in cost of production are the wages of labour and the profits of capital. We welcome suggested improvements to any of our articles. Your contribution may be further edited by our staff, and its publication is subject to our final approval. This page was last edited on 28 Decemberat To treat the whole problem of natural or normal value from the point of view of the producer is to give but a one-sided theory of the facts.
Cairnes analyzed the consequences of slavery for economic development, in particular how it speeded up soil erosion, discouraged the introduction of technical innovations and stifled commerce and enterprise more generally.
His tastes, however, lay altogether in the direction of study, and he was permitted to enter Trinity College Dublinwhere he took the degree of BA inand six years later that of M.
In this analysis he to a considerable extent follows and improves upon Nassau William Seniorwho had previously defined cost of production as the sum of the labour and abstinence necessary to production. Another instance, and one that gained him much wider repute, was in The Slave Powerin which he outlined both the requisite conditions for the operation of a slave economy and its inevitable social consequences.
Only 2 left in stock more cakrnes the way. It may be added that his Leading Principles contain admirable discussions on trade unions and protection, together with a clear analysis of the difficult theory of international trade and value, in which there is much that is both novel and valuable.
At the same time, it may be thought that Cairnes overlooked a point brought forward prominently by Senior, who also had called attention joh the bearing of competition on the relation between cost of production and value. It followed up on and expanded J. Mill’s treatment in the Essays on some Unsettled Questions in Political Economyand formed an admirable introduction to the study of economics as a science.
The work is essentially a commentary on some of the principal doctrines of the English school of economists, such as valuecost of production, wages, labour and capitaland international values, and is replete with keen criticism and lucid illustration.
Retrieved December 31, from Encyclopedia. Cliffe LeslieThe Academyv. From this view of the nature of the science, it follows at once that the method to be pursued must be that called by Mill the physical or concrete deductive, which starts from certain known causes, investigates their consequences and verifies or tests the result by comparison with facts of experience. Unfortunately, our editorial approach may not be able to accommodate all contributions.
Spencer on Social Evolution”,Fortnightly Review. Amazon Inspire Digital Educational Resources.
John Elliott Cairnes
Then, copy and paste the text into your bibliography or works cited list. University Education in Ireland. In he was appointed professor of political economy in University College, London.
Although this approach later brought criticism from advocates of the historical method, such as his fellow countryman Cliffe Leslie, Cairnes could not properly be charged with neglecting the study of economic facts. Usually ships within 1 to 2 months. In it Cairnes laid stress on the primacy of the deductive method, emphasized the hypothetical character of political economy, and cairjes its independence of any particular political or social system. England’s Neutrality in the American Contest: Please note that our editors may make some formatting changes or correct spelling or grammatical errors, and may also cxirnes you if any clarifications are needed.
John Elliott Cairnes | British economist |
Apr 11, p. The last labour to which he devoted himself was a republication of his first work on the Logical Method of Political Economy. InWilliam Cairnes started on his own account in Droghedamaking jihn Drogheda Brewery an unqualified success. Theoretical and Applied Jan 28,