these great additions for the right understanding of the science. His “Logical Method of Political Economy” (1875) is a clear and able statement of the process to be adopted in an economic investigation, and is a book of exceptional merit and usefulness, especially in view of the rising differences in the minds of economists as to method.
A group of English writers of ability in this period have written in such a way as to win for them mention in connection with Cairnes and Mill. Professor W. Stanley Jevons48 [pg 025] put himself in opposition to the methods of the men just mentioned, and applied the mathematical process to political economy, but without reaching new results. His most serviceable work has been in the study of money, which appears in an excellent form, “The Money and Mechanism of Exchange” (1875), and in an investigation which showed a fall of the value of gold since the discoveries of 1849. In this latter he has furnished a model for any subsequent investigator. Like Professor Jevons, T. E. Cliffe Leslie49 opposed the older English school (the so-called “orthodox”), but in the different way of urging with great ability the use of the historical method, of which more will be said in speaking of later German writers.50 He also distinguished himself by a study of land tenures, in his “Land Systems and Industrial [pg 026] Economy of Ireland, England, and Continental Countries” (1870), which was a brilliant exposition of the advantages of small holdings.