ABSTRACT
This new edition of the Principles of Political Economy is the second item to appear in the University of Toronto's projected collection of the works of John Stuart Mill. Mill lived in an environment vastly different from others— how different comes out with great vividness from the series of chapters on taxation. He certainly made many mistakes in his appraisal of tendencies: he vastly overestimated the future of co-operative production; and his sense of the nearness of the stationary state, though sometimes recurrent among more recent thinkers, has proved to be historically inappropriate. But how factually correct he was in his general perspective as regards the menace to human improvement of population pressure; and how morally right he was on the position of women. To read the Principles today is still a liberal education in the art of political economy.
