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From the INtroduction: We propose in the following Treatise to give an outline of the Science which treats of the Nature, the Production, and the Distribution of Wealth. To that Science we give the name of Political Economy . Our readers must be aware that that term has often been used in a much wider sense. The earlier writers who assumed the

The labourers form the mass of every community. The inquiry into the causes affecting wages is, therefore, the most important branch of political economy. In the following Lectures the author proposes, first, to explain some ambiguities in the terms high and low wages ; secondly, to state the proximate cause which regulates the amount of wages;

The science of Political Economy is, at present, in that state of imperfect development, which, though most attractive to the student who has made some proficiency, throws the greatest difficulty in the way of a beginner, and, consequently, of a teacher, and offers the fairest scope to the objections of an idle or an interested