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nydus/Principles of Political EconomyPublic
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Table of Contents

Chapter I. Influence Of The Progress Of Industry And Population On Values And Prices.

and especially on wages, profits, rents, values, and prices.

Of the features which characterize this progressive economical movement of civilized nations, that which first excites attention, through its intimate connection with the phenomena of Production, is the perpetual, and, so far as human foresight can extend (1), the unlimited, growth of man's [pg 476] power over nature. Our knowledge of the properties and laws of physical objects shows no sign of approaching its ultimate boundaries: it is advancing more rapidly, and in a greater number of directions at once, than in any previous age or generation, and affording such frequent glimpses of unexplored fields beyond as to justify the belief that our acquaintance with nature is still almost in its infancy.

Another change, which has always hitherto characterized, and will assuredly continue to characterize, the progress of civilized society, is (2) a continual increase of the security of person and property. Of this increased

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