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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Cairnes was educated at Trinity CollegeDublinwhere he later became professor of political economy — In his first book, The Character and Logical Method of Political EconomyCairnes emphasized the abstract deductive nature of classical political economy, arguing that, in light of political policies johnn principles, the classical approach could be seen as scientific and neutral.
His research into the effects of the discoveries of gold in Australia and California revived support for the quantity theory of money. His book The Slave Power criticized slavery by outlining its inefficiencies as a system of labour.
John Elliott Cairnes (Cairnes, John Elliott, ) | The Online Books Page
Because it was published at the time of the American Civil War —65the book influenced British opinion in support of the North. Cairnes is also remembered for his concept of noncompeting groups, particularly in the labour market, which foreshadowed the more systematic modern treatment of imperfect competitive and quasi-monopolistic conditions.
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Dec 22, See Article History. Learn More in these related Britannica articles: Classical economicsEnglish school of economic thought that originated during the late 18th century with Adam Smith and that reached maturity in the works of David Ricardo and John Stuart Mill. The theories of the classical johb, which dominated economic thinking in Great Britain until aboutfocused elllot economic…. Quantity theory of moneyeconomic theory relating changes in the price levels to changes in the quantity of money.
In its developed form, it constitutes an analysis of the factors underlying inflation and deflation.
Cairnes, John Elliott
As developed by the English philosopher John Locke in the 17th century, the Scottish philosopher Caurnes. Slaverycondition in which one human being was owned by another.
Johm slave was considered by law as property, or chattel, and was deprived of most of the rights ordinarily held by free persons.
Labourin economics, the general body of wage earners. Help us improve this article! Contact our editors with your feedback. You may find it helpful to search within the site to see how similar or calrnes subjects are covered.
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John Elliot Cairnes – Online Library of Liberty
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