Ebook Four Essays

It appears, then, that human industry 13 concerned, more or less, in the production of almost every thing that we consume, or that 1s of any utility for the support, the comfort, or the convenience of life; it follows that whatever cause may afect that industry in such a manner as to in?uence the quantity, the quality, or the nature of its productions, must necessarily par take of the importance of that industry itself. It IS necessary here to point out a distinction which has been wholly overlooked by political economists, but which nevertheless 1s essential to a knowledge of the true nature of the science of political economy. We mean the distinction between the causes which in?uence industry, and those which in?uence production. The former are to the latter as a part to the whole. Whatever influences industry, in?uences production, but it does not follow, that, whatever in fluences production, influences industry.