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Contributions to the Wages Question (Volume 4, No. 1); I. Theory of Wages

Contributions to the Wages Question (Volume 4, No. 1); I. Theory of Wages


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This historic book may have numerous typos or missing text. Not indexed. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1889. Not illustrated. Excerpt: ... danger lies in the direction of a temporary forgetfulness of law. That which in social industry is general and permanent is in some danger of being buried from sight by that which is local and transient. The grasp of permanent tendencies may be weakened by too high a mental valuation of counter forces. In the search for a law that is not yet known, the counter-influences must be disregarded. When the law has been discovered these influences need to be considered and measured. A study that begins with the assumption of a theoretically perfect competition, and of an absolute mobility of labor and capital, may well end with a study of every obstacle that these movements encounter. A wage law such as we are seeking will not be abrogated by the local hindrances that it meets. We may find that it works with particular force amid the greatest of them. A theory of distribution may have a certain completeness without directly accounting for all the shares into which the social income is divided. If there were four partners in a business firm the portion of income falling to either might be ascertained if the earnings of the entire business were known, and if the shares of the three other partners were determined. It would afford a certain mental satisfaction to ascertain each amount directly; and this method, if it were practicable, would lessen the probability of error and controversy. The preference in favor of this method would be decisive if, in actual fact, each separate share were directly determined by some distinguishable force. Our present inquiry, then, takes this form: Is the reward of labor, in the industry of the world, directly controlled by a permanent and distinguishable force? Where a man works without capital and without a master his wages are det...


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Product Details
  • ISBN-13: 9781150547560
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 110
  • Spine Width: 6 mm
  • Width: 189 mm
  • ISBN-10: 1150547561
  • Publisher Date: 01 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 213 gr


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Contributions to the Wages Question (Volume 4, No. 1); I. Theory of Wages
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