Full text: Political economy

214 
POLITICAL ECONOMY 
more efficient operatives will tend to get wages 
in excess of the wage obtained by the marginal 
man ; and after the foregoing exposition it 
should be equally apparent that the extra 
wages will measure their differential advan 
tages as agents in production, that is the 
differential advantages of employing them. 
They are properly termed rents, according 
to the modefn use of the term, because they 
are payments for differential advantages. 
It will be observed, moreover, that the 
complexities which were involved in the case 
of land considered above when we took into 
account the different amounts of labour and 
capital that would be applied to different 
qualities of land are involved also, to some 
extent, in the case of workmen. More doses 
of labour and capital will be applied, other 
things being equal, to the more efficient than 
to the less efficient workman, that is to say 
there will be a tendency to set the efficient 
workman to manage more machinery and 
generally to work with more assistance. How 
ever, this tendency is frequently counteracted 
by other tendencies, for instance by the dis 
position to secure the simplicity arising from 
uniformity of arrangement. Again, trade 
union regulations, imposed for reasons which 
cannot be discussed now, may prevent the
	        
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