Political Economy Of Finance 2020

political economy

And as all these are methods with which we are already acquainted, our remedy of this question can be all the shorter. The circumstances under which males produce and exchange range from country to country, and within every country again from technology to technology. Political economy, due to this fact, can’t be the same for all nations and for all historic epochs. A tremendous distance separates the bow and arrow, the stone knife and the acts of trade amongst savages occurring only by the use of exception, from the steam-engine of a thousand horse power, the mechanical loom, the railways and the Bank of England.

Social relations such as morality and law were determined, not by the actual historic situations of the age, but by the well-known two men, one of whom either oppresses the other or does not—though the latter alternative, unhappy to say, has by no means yet … Read More