A Policy of Free Exchange


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A Policy of Free Exchange


Book Description







A Policy Free Exchange


Book Description

Excerpt from A Policy Free Exchange: Essays by Various Writers on the Economical and Social Aspects of Free Exchange and Kindred Subjects 'Let not the people - I mean the masses - think lightly of those great principles upon which their strength wholly rests. The privileged and usurping few may advocate expediency in lieu of principles, but depend upon it we, reformers, must cling to first principles, and he prepared to carry them out, fearless of consequences... I yield to no man in the world (be he ever so stout an advocate of the Ten Hours Bill) in a hearty good-will towards the great body of the working classes; but my sympathy is not of that morbid kind which would lead me to despond over their future prospects. Nor do I partake of that spurious humanity which would indulge in an unreasoning kind of philanthropy at the expense of the independence of the great bulk of the community. Mine is that masculine species of charity which would lead me to inculcate in the minds of the labouring classes the love of independence, the privilege of self-respect, the disdain of being patronised or petted, the desire to accumulate, and the ambition to rise. I know it has been found easier to please the people by holding out flattering and delusive prospects of cheap benefits to be derived from Parliament rather than by urging them to a course of self-reliance;but, while I will not be the sycophant of the great, I cannot become the parasite of the poor; and I have sufficient confidence in the growing intelligence of the working classes to be induced to believe that they will now be found to contain a great proportion of minds, sufficiently enlightened by experience to concur with me in the opinion that it is to themselves alone individually that they, as well as every other great section of the community, must trust for working out their own regeneration and happiness. Again I say to them Look not to Parliament, look only to yourselves.' About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.




A Policy of Free Exchange


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Thomas Mackay (1849-1912) was a British wine merchant and classical liberal. He was educated at Glenalmond and New College, Oxford. He was called to the bar in 1879 but left to enter the wine trade because he felt that he was not earning enough to support his wife and family. He retired ten years later in order to campaign for liberalism. He criticised old age pensions because he believed they would harm character. Mackay did not favour a compromise between individualism and socialism. His works include: The English Poor (1889), A Plea for Liberty: An Argument Against Socialism and Socialistic Legislation (as editor) (1891), A Policy of Free Exchange (as editor) (1894), Methods of Social Reform: Essays Critical and Constructive (1896), The State and Charity (1898) and Public Relief of the Poor Law: Six Letters (1901).










A Policy of Free Exchange (Large Print Edition)


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LARGE PRINT EDITION! More at LargePrintLiberty.com. "Free Trade, [it is argued], is the first great benefit which just economic reasoning has conferred on this country. The task before this and the next generation must be the clear establishment of the truth that a largely increased production of wealth and its equitable distribution among all classes of the population can be attained only by developing the facility and the multiplicity of exchange—in other words, by Free Exchange; and, further, that this rule is applicable to all forms of value, whether they be labour or credits or material commodities."




The Athenaeum


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