The Slave Power: Its Character, Career, and Probable Designs: Being an Attempt to Explain the Real Issues involved in the American Contest (ILLUSTRATED). John Elliot Cairnes (), Irish economist, Professor of Political Economy at the University of Oxford, was a follower of Ricardo and Mill. His work clarified. b. Castlebellingham, Co. Louth, ed. Kingstown [Dun Laoghaire]; TCD grad. ; MA ; worked first at Brewery in Drogheda; while at Galway he was.

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Perhaps the most permanently significant feature of this book is the modification of the cost-of-production theory of value to take account of the existence of noncompeting industrial groups, primarily in the case of labor.

Although this approach later brought criticism from advocates of the historical method, such as his fellow countryman Cliffe Leslie, Cairnes could not properly be charged with neglecting the study of economic facts. At the bottom of the article, feel free to ellikt any sources that support your changes, so that we can fully understand their context. Cairnes’ exposition of the cairens and method of political economy: Because it was published at the time of the American Civil War —65the book influenced British opinion in support of the North.

Comte and Political Economy”,Fortnightly Reviewp. Print this article Print all entries for this topic Cite this article. Help us improve this article!

John Elliott Cairnes

Classical economicsEnglish school of economic thought that originated during the late 18th caignes with Adam Smith and that reached maturity in the works of David Ricardo and John Stuart Mill. Please note that our editors may make some formatting changes or correct spelling or grammatical errors, and may also contact you if any clarifications are needed.


The real elements of cost of production he looks upon as labour, abstinence and riskthe second of these falling mainly, though not necessarily, upon the capitalist.

Available for download now. He died jojn Blackheathnear London, on 8 July Where this condition was not fulfilled, in domestic as in international trade, the principle of reciprocal demand must be invoked, in addition to the cost-of-production theory, to explain the determination of normal values.

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Living Age ” Prof. While in fundamental harmony with Mill, especially as regards the general conception of the science, Cairnes differs from him to a greater or less extent on nearly all the cardinal doctrines, subjects his opinions to a searching examination, and carines succeeds in giving to the truth that is common to both a firmer basis and a more precise statement.

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John Elliott Cairnes – Wikipedia

Stanton,Fortnightly Reviewp. Amazon Music Stream millions of songs. He was compelled to spend the session — eoliot Italy, but on his return continued to lecture till Comte”, by Frederic Harrison,Fortnightly Reviewp. You may find it helpful to search within the site to see how similar or related subjects are covered. There’s a problem loading this menu right now.


He certainly succeeded in removing from the theory much that bad tended to obscure its real meaning and in placing it in its very best aspect.

If you prefer to suggest your own revision of the article, you can go to edit mode requires login. Contact our editors with your feedback. Cairnes’s most famous book — the Whately lectures of — was an attempt to outline the future research program for Classical economics.

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In he became professor of political economy at University College, London, but resigned inhaving been reduced to almost helpless invalidism by the rheumatic complaint that caused his death three years later. The cost to the producer fixes the limit below which the price cannot fall without the supply being affected; but it is the desire of the consumer-i.

This theory is a substantial contribution to economical science and throws great light upon the general problem of value. InWilliam Cairnes started on his own account in Droghedamaking the Drogheda Brewery an unqualified success.

Twelve Sketchesp. During the remainder of his residence at Galway, Professor Cairnes published nothing beyond some fragments and pamphlets, mainly upon Irish questions. Cairnes’ exposition of the natural or social limit to free competition, and of its bearing on the theory of value: