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Economic essays

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fullscreen: Economic essays

Monograph

Identifikator:
1753623200
URN:
urn:nbn:de:zbw-retromon-136107
Document type:
Monograph
Title:
Economic essays
Place of publication:
New York
Publisher:
Macmillan
Year of publication:
1927
Scope:
viii, 368 S.
Ill., graph. Darst.
Digitisation:
2021
Collection:
Economics Books
Usage license:
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Chapter

Document type:
Monograph
Structure type:
Chapter
Title:
Eight-hour theory in the american federation of labor / Henry Raymond Mussey
Collection:
Economics Books

Contents

Table of contents

  • Economic essays
  • Title page
  • Contents
  • John Bates Clark as an economist / Jacob H. Hollander
  • Static economics and business forecasting / Benjamin M. Anderson, Jr.
  • The enterpreneur and the supply of capital / George E. Barnett
  • The malthusiad fantasia economica / James Bonar
  • The static state and the technology of economic reform / Thomas Nixon Carver
  • The relation between statics and dynamics / John Maurice Clark
  • Elasticity of supply as a determinant of distribution / Paul H. Douglas
  • Land economics / Richard T. Ely
  • Clark's reformulation of the capital concept / Frank A. Fetter
  • A statistical method for measuring "marginal utility" and testing the justice of a progressive income tax / Irving Fisher
  • Alternatives seen as basic economic facts / Franklin H. Giddings
  • Les cooperatives dans les pays latins un probléme de géographie sociale / Charles Gide
  • The farmers' indemnity / Alvin S. Johnson
  • Eight-hour theory in the american federation of labor / Henry Raymond Mussey
  • The holding movement in agriculture / Jesse E. Pope
  • The early teaching of economics in the United States / Edwin R.A. Seligman
  • A functional theory of economic profit / Charles A. Tuttle

Full text

EIGHT-HOUR THEORY IN THE AMERICAN FEDERATION OF LABOR 233 
My theory is, first, that more leisure will creative motives and 
temptations for the common people to ask for more Wages. 
Second, that where all ask for more Wages, there will be no motive 
for refusing, since Employers will all fare alike. 
Third, that where all demand more Wages, the demand cannot be 
resisted. 
Fourth, that resistance would amount to the folly of a “strike” by 
Employers themselves against the strongest power in the world, viz., 
the habits, customs, and opinions of the masses. 
Fifth, that the change in the habits and opinions of the people 
through more leisure will be too gradual to disturb or jar the com- 
merce and enterprise of capital. 
Sixth, that the increase of Wages will fall upon the wastes of society, 
in its Crimes, Idleness, Fashions, and Monopolies, as well as the more 
legitimate and honorable profits of Capital, in the production and 
distribution of Wealth, and 
Seventh, in the mechanical fact, that the cost of making an article 
depends almost entirely upon the number manufactured, is a practical 
increase of wages, by tempting the workers through their new leisure 
to unite in buying luxuries now confined to the Wealthy, and which 
are costly because bought only by the wealthy.? 
The thinking of sixty years has developed, indeed, but has added 
little to these ideas of Steward’s, so far as the basic short-hour 
philosophy is concerned, and persons who imagine that Henry 
Ford has invented something new in that line will do well to 
re-read some of the old eight-hour literature. 
In two other passages of the same pamphlet Steward states 
picturesquely the underlying idea of the standard-of-living 
theory of wages on which the American Federation builded its 
house: 
The charm of the Eight Hour system is that it gives time and 
opportunity for the ragged, the unwashed, the ignorant and ill-man- 
nered to become ashamed of themselves and their standing in Society.® 
Imagine Operatives or Laborers of average capacity leaving work 
at half-past four; they are liable to meet those whose good opinion 
is worth everything to them, and they think that a neat personal 
appearance is positively necessary; and it must be confessed that, 
while fine clothes do not make a man, we all look at them as a 
certain sort of index to his character. 
The reflective reader in the year 1927, as he recalls the conditions 
of 1865 and then watches the carpenter doffing his overalls at 
' Ibid. pp. 9, 10. Italics are Steward’s throughout. 
* Ibid., p. 11. 
Ibid. p. 13.
	        

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