Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

PROBLEMS OF DISTRIBUTION 233 product would be depleted. Whether, then, the workpeople would gain or lose in the long run would depend (assuming that these reactions would be met with) upon whether their larger share of the smaller product was greater than the smaller share of the larger product which they had previously received. Up to a certain point the former sum might conceivably be the greater ; if it were, up to that point the concerted action supposed on the part of labour would have worked to their advantage. In going beyond any such point, however, they would lose, that is if they attempted to grasp a share of the national product in excess of a given amount which it is possible theoretically to define. Inanimate nature presents analogies : if a rhubarb bed is too greedily plucked one year its powers of recovery may be so weakened that it will never be the same again. The reader must not close the book at this point and run away with the false and mischievous idea that an important practical conclusion has been deduced. For practical purposes our argument is as yet one-sided. It has now to be qualified. So far we have been dealing with a highly abstract case implying assumptions all of which could not possibly

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