Publisher's Synopsis
Excerpt from System of Political Economy
I commenced studying political economy at the time when the publication of Mr. Thornton's work on Labour had just given so rude a shock to the common belief that the science, so far as it dealt with the subjects of Value and Wages, was complete. The late Mr. J. E. Cairnes, whose lectures I had the privilege (for such I must always consider it) of attending, particularly directed the attention of his pupils to the con?ict between Mr. Thornton's views and those commonly held on these subjects, and expressed his own opinion that the commonly received theory required thorough revision. His own views were afterwards given to the world in his Leading Principles of Political Economy.
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