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In an enlightened nation like our own, there are followers of every science which has been marked out for human pursuit. There is no study which has met with entire neglect from all classes of our countrymen. There are men of all ranks and every shade of opinion, who study the laws of Divine Providence and human duty. There are many more who inquire how the universe was formed and under what rules its movements proceed. Others look back to the records of society and study the history of their race. Others examine and compare the languages of many nations. Others study the principles on which civil laws are founded, and try to discover what there has been of good as well as of evil in the governments under which men have lived from the time of the patriarchs till now. Others—but they are very few—inquire into the principles which regulate the production and distribution of the necessaries and comforts of life in society. It is a common and true observation that every man is apt to think his own principal pursuit the most important in the world. It is a persuasion which we all smile at in one another and justify in ourselves. This is one of the least mischievous of human weaknesses; since, as nobody questions that some pursuits are really more important than others, there will always be a majority of testimonies in favour of those which are so, only subject to a reservation which acts equally upon all. If, for instance, votes were taken as to the comparative value of the study of medicine, the divine would say that nothing could be more important except theology; the lawyer the same, excepting law; the mathematician the same, excepting mathematics; the chemist the same, excepting chemistry; and so on. As long as every man can split his vote, and all are agreed to give half to themselves, the amount of the poll will be the same as if all gave whole votes. There is encouragement, therefore, to canvass, as we are about to do, in favour of a candidate whom we would fain see more popular than at present. Can anything more nearly concern all the members of any society than the way in which the necessaries and comforts of life may be best procured and enjoyed by all? Is there anything in any other study (which does not involve this) that can be compared with it in interest and importance? And yet Political Economy has been less studied than perhaps any other science whatever, and not at all by those whom it most concerns,—the mass of the people. This must be because its nature and its relation to other studies are not understood. It would not else be put away as dull, abstract and disagreeable. It would be too absurd to complain of its being difficult in an age when the difficulties of science appear to operate as they should do, in stimulating to enterprise and improving patience. Political Economy treats of the Production, Distribution and Consumption of Wealth; by which term is meant whatever material objects contribute to the support and enjoyment of life. Domestic economy is an interesting subject to those who view it as a whole; who observe how, by good management in every department, all the members of a family have their proper business appointed them, their portion of leisure secured to them, their wants supplied, their comforts promoted, their pleasures cared for; how harmony is preserved within doors by the absence of all causes of jealousy; how good will prevail towards all abroad through the absence of all causes of quarrel. It is interesting to observe by what regulations all are temperately fed with wholesome food, instead of some being pampered above-stairs while others are starving below; how all are clad as becomes their several stations, instead of some being brilliant in jewels and purple and fine linen, while others are shivering in nakedness; how all have something, be it much or little, in their purses, instead of some having more than they can use, while others are tempted to snatch from them in the day-time or purloin by night. Such extremes as these are seldom or never to be met with under the same roof in the present day, when domestic economy is so much better understood than in the times when such sights were actually seen in rich men’s castles: but in that larger family,—the nation,—every one of these abuses still exists, and many more. If it has been interesting to watch and assist the improvement of domestic economy from the days of feudal chiefs till now, can it be uninteresting to observe the corresponding changes of a state? If it has been an important service to equalize the lot of the hundred members of a great man’s family, it must be incalculably more so to achieve the same benefit for the many millions of our population, and for other nations through them. This benefit cannot, of course, be achieved till the errors of our national management are traced to their source, and the principles of a better economy are established. It is the duty of the people to do this.
It's the Political Economy, Stupid brings together internationally acclaimed artists and thinkers, including Slavoj Žižek, David Graeber, Judith Butler and Brian Holmes, to focus on the current economic crisis in a sustained and critical manner. Following a unique format, images and text are integrated in a visually stunning bespoke production by activist designer Noel Douglas. What emerges is a powerful critique of the current capitalist crisis through an analytical and theoretical response and an aesthetic-cultural rejoinder. By combining artistic responses with the analysis of leading radical theorists, the book expands the boundaries of critique beyond the usual discourse. It's the Political Economy, Stupid argues that it is time to push back against the dictates of the capitalist logic and, by use of both theoretical and artistic means, launch a rescue of the very notion of the social.
Published in 1832, Illustrations of Political Economy established Harriet Martineau as both a successful and controversial author and a pioneer of nineteenth-century "social problem" writing. This widely read series of didactic stories popularized political economy, making it accessible to audiences by vividly dramatizing issues such as overpopulation and labour strikes. Illustrations of Political Economy marks a pivotal moment in which literature and politics came together, laying the foundation for the realism and social commentary of later Victorian novels. This Broadview edition contains a critical introduction and a rich selection of historical documents, including contemporary reviews of Illustrations and writings on population growth, factory conditions, and working-class life.
A theoretical framework for analyzing the complex relationship of education, growth, and income distribution. The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such matters as income inequality, social mobility, and diversity. This book provides the theoretical framework necessary for understanding the political economy of education—the complex relationship of education, economic growth, and income distribution—and for formulating effective policies to improve the financing and provision of education. The relatively simple models developed illustrate the use of analytical tools for understanding central policy issues. After offering a historical overview of the development of public education and a review of current econometric evidence on education, growth, and income distribution, the authors lay the theoretical groundwork for the main body of analysis. First they develop a basic static model of how political decisions determine education spending; then they extend this model dynamically. Applying this framework to a comparison of education financing under different regimes, the authors explore fiscal decentralization; individual choice between public and private schooling, including the use of education vouchers to combine public financing of education with private provision; and the social dimension of education—its role in state-building, the traditional "melting pot" that promotes cohesion in a culturally diverse society.