Review Author(s): Henry Higgs Review by: Henry Higgs Source: The Economic Journal, Vol. 6, No. 24 (Dec., 1896), pp. 608-612 Published by: Wiley on behalf of the Royal Economic Society Stable URL: http://www.jstor.org/stable/2957203 Accessed: 27-06-2016 10:30 UTC Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at http://about.jstor.org/terms JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact
[email protected]. Wiley, Royal Economic Society are collaborating with JSTOR to digitize, preserve and extend access to The Economic Journal This content downloaded from 137.99.31.134 on Mon, 27 Jun 2016 10:30:22 UTC All use subject to http://about.jstor.org/terms 608 THE ECONOMIC JOURNAL had come to me, and I thenl determined to devote myself to the construction of a real science of Economics, on the model of the already established physical sciences. Even then, from the study of these works, I could discern from Adam Smith, Ricardo, and especially Whately,-that Economics is in reality the Science of Exchanges or of Commerce, or the Theory of Value.' In short, Air. MacLeod plunged into the middle of the subject, as an almost middle-aged lawyer consulted on a question of banking. Misled by the somewhat egotistical vein which may be traced in all his works, he immediately concluded that those parts of political economy in which he was not interested ought not to be included therein, and consequently proceeded to reject the whole of what is commonly called -production, distribution, and consumption.