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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After passing through the curriculum of Arts, he engaged in the study of Law, and was called to the Irish bar. This doctrine, expounded by Mill in his Principleshad been relinquished by him, but Cairnes still undertook to defend it.

From this view of the nature of the science, it follows at once that the method to be pursued must be that called by Mill the physical or concrete deductive, which starts from certain known causes, investigates their consequences and verifies or tests the result by comparison with facts of experience. He devoted most attention to political economywhich he studied with great thoroughness ojhn care. Only 1 left in stock more on the way.

Please try ellikt later. The theories of the classical school, which dominated economic thinking in Great Britain jonh aboutfocused on economic…. The Political Essayspublished incomprise all his papers relating to Ireland and its university system, together with some other articles of a somewhat similar nature.

John Elliott Cairnes – Wikipedia

Get to Know Us. Quantity theory of moneyeconomic theory relating changes in the price levels to changes in the quantity of money. Cairnes page at McMaster J. His book The Slave Power criticized slavery by outlining its inefficiencies as a system of labour.

Society may thus be regarded as consisting of a series of noncompeting industrial groups, with free jonn among the members of any one group or class. We welcome suggested improvements to any of our articles. He was at first uncertain where his career lay—his interest in economic studies seems only to have developed carnesthe year in which he received his m.

John Elliott Cairnes (Cairnes, John Elliott, ) | The Online Books Page

Because each style has its own formatting nuances that evolve over time and not all information is available for every iohn entry or article, Encyclopedia. Cairnes also took a strong interest in the problems of his native Ireland, notably land tenure and university education, and there is evidence that on these and other questions vairnes his day he indirectly exerted considerable political influence through his friends Mill and Henry Fawcett.


Cairnes’ analysis of cost of production in its relation to value: Cairnes book was instrumental in turning the tide of popular English opinion against the rebels.

Are you an author? Popularity Popularity Featured Price: There was a problem eloiot your submission. Views Read Edit View history. Cairnes’ exposition of the natural or social limit to free competition, and of its bearing on the theory of value: Only 2 left in stock more on the way.

Two years later he took the competitive examination by which the Whately professorship of political economy was then filled and as a result was appointed to the chair for the usual five-year tenure. The last years of Cairnes’ life were spent in the collection and publication of some scattered papers contributed to various reviews and magazines, and in the preparation of his most extensive and important work.

Cliffe Leslie, The Academyv.

John Elliott Cairnes

In exchange between classes or non-competing industrial groups, the normal value is simply a case of international value, and depends upon reciprocal demandthat is to say, is such as will satisfy the equation of demand.

Cairnes’ defence of the wages fund doctrine: 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. To this theory Cairnes objects that wages, being remuneration, can in no sense be considered as cost, and could only have come to be regarded as cost in consequence of the whole problem being treated from the point of view of the capitalist, to whom, no doubt, the wages paid represent cost.

If you prefer to suggest your own revision of the article, you can go to edit mode requires login. It followed up on and expanded J. Spencer on Social Evolution”,Fortnightly Review.

His health soon rendered it impossible for him to discharge his public duties; he resigned his post inand retired with the honorary title of professor emeritus of political economy. Cairnes’s articles on the Irish land question were even more radical. John’s father decided upon a business career, ellipt the wishes of his mother Catherine Moore of Moore Hall, Killinchyand became a partner in the Woolsey Brewery at Castlebellingham. Your contribution may be further edited by our staff, and its publication is subject to our final approval.


The work is essentially a commentary on some of the principal doctrines of the English school of economists, such as valuecost of production, wages, labour and capitaland international values, and is replete with keen criticism and lucid illustration.

Stanton,Fortnightly Reviewp. Now the only condition under which jon of production will regulate value ellilt perfect competition.

It may, perhaps, be thought that Cairnes gives too little attention to the effects of the organism of society on economic facts, and that he is disposed to overlook what Walter Bagehot called the postulates of political economy.

During his last session he conducted a mixed class, ladies being admitted to his lectures. In accordance with the regulations of slliot foundation, the lectures of his first year’s course were published. Help us improve our Johh Pages by updating your bibliography and submitting a new or current image and biography. According to Mill, the universal elements in cost of production are the wages of labour and the profits of capital.

If the book had done nothing more, it would still have conferred inestimable benefit on political economists by its clear exposition of the true nature and meaning of the ambiguous term law.

While residing in Dublinhe made the acquaintance of Archbishop Whatelywho conceived a very high respect for Cairnes’ character and abilities.

Cairnes, John Elliott

From this time on, he devoted himself wholly to academic economics. Comte”, by Frederic Harrison,Fortnightly Reviewp. Shopbop Designer Fashion Brands.

Retrieved from ” https: 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. Low to High Price: High to Low Avg.