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An Outline of the Science of Political Economy
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An Outline of the Science of Political Economy

work by Senior

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discussed in biography

  • In Nassau William Senior

    In An Outline of the Science of Political Economy (1836), he introduced the view—later attacked by Marxists—that savings and the accumulation of capital should be considered parts of the cost of production. He also worked on the concept of rent, advanced the abstinence theory of profits…

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