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The Theory of Wages and Its Application to the Eight Hours Question and Other Labour Problems

The Theory of Wages and Its Application to the Eight Hours Question and Other Labour Problems


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About the Book

This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1892. Not illustrated. Excerpt: ... CHAPTER I The Universal Product of Industry and Abstinence, (the " Universal Dividend " as it might be called), is a mass of wealth varying in amount, and divided in varying proportions amongst the agents to its production. 1. Professor Alfred Marshall (Principles of Economics, vol. i. book vi. chap. ii. 1)1 says: -- 1 The references in this book made to Professor Marshall's Principles of Economics are made to the Second (i.e. to the rearranged) Edition. For the convenience of those possessing the first edition only who may wish to make reference to the work, the following table shows the corresponding passages as regards the quotations made in these pages: -- "The labour and capital of the country, acting on its natural resources, produce annually a certain net aggregate of commodities, material and immaterial, including services of all kinds. This is the true net annual revenue of the country, or as we may say the National Dividend. It is of course unimportant whether we estimate it for a year or for any other period; the important point is that it is a continuous stream always flowing, and not a reservoir or store, or in the narrower sense of the word a 'Fund' of Capital." . . . "This National Dividend is at once the aggregate net product of, and the sole source of payment for, all the agents of production within the country; it is divided up into Earnings of labour, Interest of capital, and lastly the Producer's Surplus, or Eent, of land and of other differential advantages for production. It constitutes the whole of them and the whole of it is distributed among them; and the larger it is, the larger, other things being equal, will be the share of each agent of production." For our purpose it will be more convenient not to confine our attention ...


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Product Details
  • ISBN-13: 9780217506830
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 32
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 0217506836
  • Publisher Date: 01 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 77 gr


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