son of Mathew Carey, in whose publishing firm he was a partner until he retired to write his Essay on the Rate of Wages (1835), which mainly accepted the doctrine of laissez-faire, believing that natural laws tend toward a universal harmony of interests. His other works include Principles of Political Economy (3 vols., 1837–40) and The Past, the Present, and the Future (1848), championing a protective tariff. His Harmony of Interests influenced the high U.S. Tariff Act of 1861. In later works he prescribed manufactures for the South, lamented the low tariff, and reiterated his idea of harmony. The Principles of Social Science (3 vols., 1858–59) contains the summation of his doctrines, stressing the analogy between natural and social science.
Subjects: Economics — Literature.