J.

JENKINS, Prof., his definition of demand and supply, 125 (n.).

Justice, the principle of Political Economy not in accordance with our
ideas of, 53, 54.

L.

LABOUR, the price of, affected by demand and supply, 52; and by com-
petition, 60; an instrument of production, 136; natural disinclina-
tion of man to, 173.

Laissez faire, 181, 182.

Land, an instrument of production, 136; effect of the wide distribution
of, 149; subdivision of, in England, 148.

Legislation, the art of, 176; follows crime, 183.

Leslie, Prof. Cliffe, on the division of employments, 18 (n.).
London Gas Companies, 62.

M.

MAINE, Sir Henry, on early society, 159.

Malthus, Mr., on the habits of the working classes, 109.

Manchester Chamber of Commerce on adulteration, 84, 167.

Manufacturers and middlemen, 168.

Manufactures, State promotion of, 185; what Amsterdam and Greenock
did for, 187; how England established her woollen, 188.

Manufacturing supremacy, how England maintains her, 69, 70.
Method, Adam Smith's, 13; Mill's, 15; the deductive unsuitable, 27;
why the inductive is to be preferred, 28; especially applicable to
the moral sciences, 29; in Social Science, 100; and in Ethics, 100;
nature's, 183.

Middlemen and manufacturers, 168.

Mill's, James, method in Politics, 21 (n.).

Mill, J. S., on the subject-matter of Political Economy, 8; inconsistency
of his views on method, 15, and examination of, 17; his single-
motive theory, 23; on competition, 65 (n.); on value, 115; on
demand and supply, 125; on wages, 136; on the wages-fund
theory, 137; on State interference with trade, 186; on State-
assisted emigration, 187.

Milne, Mr., the case of, 50.

Money, in old and in new countries, 152; the causes of variations in
the price of, 152.

Motives, various, 27; isolation of, 100, 172, 178;

why called forces, 104; classification of, 106;
Moral Sciences, interdependence of the, 171.
Moral Sentiments, Adam Smith's method in, 95.

how they act, 102;
conflict of, 179.

N.

NATURE, its relation to art, 181; art follows the method of, 183; what it

demands of art, 184.

Needlewomen, the case of the London, 46, 47 (n.).

New South Wales, sale by auction in, 66.

OPINION, influence of on price, 133.

0.

Organization, social, 162; Plato and Aristotle's views on, 162.

Orissa, the famine in, 39 (n.).

Owen, R. Dale, the case cited by, 168.

P.

PHENOMENA, of Industrial Science, 2, 3, 11; mental incapable of pre-
vision, 178.

Plato, on social organization, 162; on the relationship of the moral
sciences, 171.

Political Economy, meaning of the term, 4; its use misleading, 4, 6;
various definitions of, 5; is not a physical science, 7, but a mental,
10; the laws of, 34; the principles of, not in accordance with
abstract justice, 53, 54; the art of, 177; the so-called laws of, 177.
Politics, James Mill's method of, 21 (n.).

Prevision, inapplicable to moral science, 178; insisted on by the deduc-
tionists, 180.

Price, is exchange value, 122; is relative, not absolute, 122; difference
between it and value, 123; how determined, 124; demand and
supply in relation to, 125, 134; influence of opinion on, 133; of
money, 152.

Prices, variations in, 19.

Profits, different rates of, 19; relation to wages, 141, 149; how they
affect interest, 151; influence of on rent, 153.

Property, its origin, 172; is a right, 173.

Q.

QUANTITATIVENESS. See Difficulty of Attainment.

R.

RENT, what it is, 153; influenced by profits, 153.

:

S.

SCARCITY, how demand and supply operates in seasons of, 40, 41, 47, 49.
See Difficulty of Attainment.

Science, distinguished from art; 176; of man, 1, 2.

Self-interest, alleged sufficiency of, 31; the dogma of not in accordance
with man's nature, 33, nor with facts, 34; enlightened, 45; con-
trasted with sympathy, 95.

Senior, Mr., his method, 13; his definition of value, 121; on social
organization, 162.

Smith, Adam, his method in The Wealth of Nations, 13, 95, in Moral
Sentiments, 95.

Society, what it is, 158; the unit of, 159; early, 159; the best judge of
its own interests, 188.

Sociologists, the stand-point of, 160.

Sociology, its relation to industrial science, 157, 175.

Spencer, Mr. Herbert, on the morals of trade, 64, 81, 82; on prevision
in moral science, 180.

Spitalfields weavers, the case of, 46.

State interference, the necessity of, 182; Mill's views on, 186.
Subject-matter of Political Economy, 7; Mill's view of, 8; Cairnes's view
of, 9.

Supply, definition of the term, 125, 127.

Sympathy, contrasted with self-interest, 95.

TARIFF, the new Indian, 70, 71.

T.

Tremenheere, on English competition, 69.

U.

UTILITY, relation of to difficulty of attainment, 120, and to value, 121.

VALUE, in use and in exchange, 115; various definitions of, 115; dif-
ficulty of attainment in relation to, 118; essential character of,
119; definition of, 121; absolute not relative, 122; distinguished
from price, 123.

W.

WAGES, different rates of, 19, the causes of these, 20, 21, 146–151;
disputes about, 41, and failure of all attempts to settle, 42; how
affected by demand and supply, 43; low rates of, injurious, 44; and
the price of provisions, 48, 51; not paid out of capital, 139;
relation of profits to, 141, 149.

Wages-fund theory, Mill and Cairnes on, 137, 138; based on erroneous
assumptions, 138.

Walker, Prof., on the tendency of economic forces, 54 (n.).

Wallace, Mr. A. R., on the sago tree, 108.

Wants, distinguished from desires, 38; effect of a conflict between, 39;
an enumeration of, 107.

Warehousemen and Drapers' Journal, on the importation of American
calico, 86 (n.).

Wealth, meaning of the term, 5; its use misleading, 6; not the subject-
matter of Political Economy, 7; its relation to Industrial Science,
11; a means to an end, 17; the theory of the maximum of,
examined, 18, 22.

Wealth of Nations, The, Adam Smith's method in, 13, 95.

Wilson, Mr. James, and the Indian cotton duties, 71.

Wheat, the price of, 49.

Whewell, Dr., aphorisms for the use of technical terms, 6 (n.).

CAXTON PRINTING WORKS, BECCLES.