Political economy

As there are so many who talk prose without knowing it, or, again, who syllogize without having the least idea what a syllogism is, so economists have long been mathematicians without being aware of the fact.

— Political economy

… the Union can grow powerful only by fostering the manufacturing interest. This, Sir, I think the true American political economy.

— Political economy

It has been said, and perhaps with truth, that the conclusions of Political Economy partake more of the certainty of the stricter sciences than those of most of the other branches of human knowledge.

— Political economy

If there is one well-established truth in political economy, it is this:

— Political economy

Assume that the new elite were clearly and simply to proclaim its intentions which are to supplant the old elite; no one would come to its assistance, it would be defeated before having fought a battle. On the contrary, it appears to be asking nothing for itself, well knowing that without asking anything in advance it will obtain what it wants as a consequence of its victory.

— Political economy

The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science.

— Political economy

The whole Marxian system springs from classical political economy as it found expression in Ricardo.

— Political economy

David Ricardo is without doubt the greatest representative of classical political economy. He carried his work begun by Smith to the farthest point possible without choosing one or the other of the roads which led out of the contradiction inherent in it.

— Political economy

Political economy has only become a science since it has been confined to the results of inductive investigation.

— Political economy