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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Learn More in these related Britannica articles: While residing in Dublinhe made the acquaintance of Archbishop Whatelywho conceived a very high respect for Cairnes’ character and abilities.
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This theory is a substantial contribution to economical science and throws great light upon the general problem of value. Amazon Renewed Refurbished products with a warranty. It does not expound a completed system of political economy; many important doctrines are left untouched; and in general the treatment of problems is not such as would be suited for a systematic manual.
InWilliam Cairnes started on his own account in Droghedamaking the Drogheda Brewery an unqualified success. England’s Neutrality in the American Contest: Political Essays May 23, Our editors will review what you’ve submitted, and if it meets our criteria, we’ll add it to the article.
Please try your request again later. Thank you for your feedback. Now the only condition under which cost of production will regulate value is perfect competition. Amazon Inspire Digital Educational Resources.
Arguing that labor was the basis of property in land, Cairnes denounced the attempt to introduce an English-style free market for land in Ireland and to instead encourage peasant-proprietorship via State-controlled land rents. 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.
The real elements of cost of production he looks upon as labour, abstinence and riskthe second of these falling mainly, though not necessarily, upon the capitalist. Living Age ” Prof. After leaving school, John Cairnes spent some years in the counting-house of his father at Drogheda. Cairnes is also remembered for his concept of noncompeting groups, particularly in the labour market, which foreshadowed the more systematic modern treatment of imperfect competitive and quasi-monopolistic conditions.
AmazonGlobal Ship Orders Internationally. Further, he is distinctly opposed both to those who would treat political economy as an integral part of social philosophy, and to those who have attempted to express economic facts in quantitative formulae and to make economy a branch of applied mathematics.
John’s father decided upon a business career, against the wishes of his mother Catherine Moore of Moore Hall, Killinchyand became a partner in the Woolsey Brewery at Castlebellingham.
John Elliott Cairnes – Wikipedia
Cairnes’ analysis of cost of production in its relation to value: This concept of noncompeting groups did not originate with Cairnes, but it was he who first recognized and gave it its full importance. Comte”, by Frederic Harrison,Fortnightly Reviewp. He was compelled to spend the session — in Italy, but on his return continued to lecture till 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.
From this time on, he devoted himself wholly to academic economics. Amazon Music Stream millions of songs.
John Elliott Cairnes | British economist |
Its Character, Career, and Probable Designs: Apr 11, p. Cairnes page at Bristol J.
InCairnes was appointed to the professorship of jurisprudence and political economy in Queens College Galwayand in the following year he published his admirable work The Slave Powerone of the finest specimens of applied economical philosophy.
Learn more at Author Central. This page was last edited on 28 Decemberat It was upon his shoulders that fell the responsibility of defending the Classical Ricardian doctrine in its waning years of — against Thorntonagainst Ruskinagainst his own disciple Cliffe-Leslie and, finally, against Jevons and the Marginalist Revolution. In he was appointed professor of political economy in University College, London.
To treat the whole problem of jkhn or normal value from the point of view of the producer is to give but a one-sided theory of the facts.
His next contribution to economical science was a series of articles on the gold question, published partly in Fraser’s Magazinein which the probable consequences of the increased supply of gold attendant on the Australian and Californian gold discoveries were analysed with great skill and ability.
The last labour to which he devoted himself was a republication of his first work on the Logical Method of Political Economy.
Please note that our editors may make some formatting changes or correct spelling or grammatical errors, and may also contact you if any clarifications are needed. He is often described as the “last of the classical economists”.
Cairnes, John Elliott
It may, perhaps, be thought that Cairnes gives too little attention to the effects of the organism of society on economic facts, and that he is disposed to overlook what Walter Bagehot called the postulates of political economy. The cost to the producer fixes the limit below which the price cannot fall without the supply being affected; but it is the desire of the consumer-i. Cairnes “,Athenaeum repr. Cairnes’s shining hour was his widely-discussed treatise Slave Power.
Retrieved December 31, from Encyclopedia.
This doctrine, expounded by Mill in his Principleshad been relinquished by him, but Cairnes still undertook to defend it. To the view of the province and method of political economy expounded in this early work the author ellliot 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.
During his last ellioh he conducted a mixed class, ladies being admitted to his lectures.