The Elements of Political Economy

by James Mill

An instant classic when it was first published in 1821, The Elements of Political Economy, by Scottish historian, economist, and philosopher JAMES MILL (1773-1836), remains required reading for anyone wishing to understand the development of industrial economies across the globe in recent centuries. Mill discusses: . rent, wages, and profits . the interchange of commodities . the advantages and disadvantages of paper money . productive and unproductive consumption . taxes . and more.

Genres: Economics

248 pages, Paperback

First published January 1, 1821

About the author

James Mill (born James Milne) was a Scottish historian, economist, political theorist, and philosopher. He is counted among the founders of the Ricardian school of economics. His son, John Stuart Mill, was also a noted philosopher of liberalism, utilitarianism and the civilizing mission of the British Empire.

Although he never set foot in India at any time in his life, James Mill took upon himself the task of writing the monumental History of British India, a classic of colonial self-congratulation which contains a complete denunciation and rejection of Indian culture and civilisation and which both exhorts and extolls the civilizing mission of the British in the subcontinent. He was the first writer to divide Indian history into three parts: Hindu, Muslim and British, a classification which has proved surpassingly influential in the field of Indian historical studies, but which is seen in recent decades as being deeply problematic.

Reviews

[Craig Bolton]

Elements of Political Economy by James Mill (1944)