The Organization of Industry: Explained in a Course of Lectures, Delivered in the University of Cambridge in Easter Term, 1844 (Classic Reprint)

Excerpt from The Organization of Industry: Explained in a Course of Lectures, Delivered in the University of Cambridge in Easter Term, 1844

The indifference towards the study of those principles which determine the correctness of political and mer cantile calculations, was for a long time nearly equal in the two Spheres of society most interested in them. The political world has, since the first edition of these lec tures appeared, been driven to a recognition of the im portance of correct economical views no less for parties than for states. It now remains for our traders and manufacturers to study the in"uences on which their markets depend, and until they do so trade cannot cease to be the lottery which it has long been for the great majority of the mercantile classes, many of whom have found good practical acquirements no sufficient substi tute for faulty theories.

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