Note 31 — SCIENCE OF POLITICAL ECONOMY,

Mr. J. R. McCulloch in his Literature of Political Economy makes the following observations concerning De Quincey's 'Dialogues of Three Templars on Political Economy':—They are unequalled, perhaps, for brevity, pungency, and force. They not only bring the Ricardian theory of value into strong relief, but triumphantly repel, or rather annihilate, the objections urged against it by Malthus, in the pamphlet now referred to and his Political Economy, and by Say, and others. They may, indeed, be said to have exhausted the subject.