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CONVERSATION II - INTRODUCTION—continued

Published online by Cambridge University Press:  07 September 2011

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Summary

CAROLINE

I HAVE been thinking a great deal of political economy since yesterday, my dear Mrs. B., but I fear not to much purpose; at least I am no farther advanced than the discovery of a great confusion of ideas which prevails in my mind on the subject. That science seems to comprehend every thing, and yet I own, that I am still at a loss to understand what it is. Cannot you give me a short explanation of the nature of the science, that I may have some clear idea of it to begin with?

MRS. B

I once heard a lady ask a philosopher to tell her in a few words what is meant by political economy. Madam, replied he, you understand perfectly what is meant by household economy; you need only extend your idea of the economy of a family to that of a whole people—of a nation, and you will have some comprehension of the nature of political economy.

CAROLINE

Considering that he was limited to a few words, do you not think that he acquitted himself extremely well? But as I have a little more patience than this lady, I hope you will indulge me with a more detailed explanation of this universal science.

Type
Chapter
Information
Conversations on Political Economy
In Which the Elements of that Science are Familiarly Explained
, pp. 17 - 28
Publisher: Cambridge University Press
Print publication year: 2010
First published in: 1816

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