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Wealth and Progress; A Critical Examination of the Wages Question

Wealth and Progress; A Critical Examination of the Wages Question


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: HIGH WAGES AND LARGE PRODUCTION. 9 nomics that the concentration of productive wealth ?which everybody has an interest in promoting?can only take place in proportion as the diffusion of consumable wealth is increased. It is to the interest of the most selfish and sordid capitalist, manufacturer, merchant, or trader to sell his products. Indeed, it is only in proportion as they can thus dispose of their consumable wealth that they or the community derive any benefit from the use of their productive wealth (capital). Accordingly we find the world over that the production of consumable wealth per capita of the population is the greatest and its distribution among the masses the most general where productive wealth is the most concentrated. In this country and in England, where the concentration of capital is the greatest in the world, the productive capacity per capita is nearly two and a half times that of the average in continental countries, five times as large as that of Italy, Spain, and Portugal, and twelve times that of China and India; and the income per capitaf is about thirteen times as great as that of India and China, six times that of Italy, Spain, and Portugal, and more than twice that of the average on the European Continent; and the general rate of wages in England is about ten times that of Asia and nearly double that of Continental Europe; while in this country it is about fifteen times that of Asia, and within a fraction of three times that of the average on the Continent. In fact, it maybe laid down as a fundamental law ineconomics that consumable wealth is most abundantly produced and most generally and equitably distributed among the masses in proportion as the use of productive wealth (capital) is concentrated. Mulhall, History of Prices, ...


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Product Details
  • ISBN-13: 9780217419321
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 102
  • Spine Width: 5 mm
  • Width: 189 mm
  • ISBN-10: 0217419321
  • Publisher Date: 09 Jul 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 195 gr


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