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The confounding Political Economy with the Sciences and Arts to which it is subservient, has been one of the principal obstacles to its improvement.
Nassau William Senior
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6 Comments
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The business of a Political Economist is neither to recommend nor to dissuade, but to state general principles, which it is fatal to neglect, but neither advisable, nor perhaps practicable, to use as the sole, or even the principal, guides in the actual conduct of affairs.
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Our object in these remarks has been not only to account for the slow progress which has as yet been made by Political Economy, and to suggest means by which its advancement may be accelerated, but also to warn the reader of the nature of the following Treatise.
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One of the worst of errors would be the general admission of the proposition that a Government has no right to interfere for any purpose except for that of affording protection.
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But that the reasoning from these facts, the drawing from them correct conclusions, is a matter of great difficulty, may be inferred from the imperfect state in which the Science is now found after it has been so long and so intensely studied.
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