Economic essays

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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

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Title:: The static state and the technology of economic reform / Thomas Nixon Carver

Collection:: Economics Books

STATIC STATE AND THE TECHNOLOGY OF ECONOMIC REFORM 45 5. A high standard of living on the part of the laboring classes which will lead them to postpone marriage and .the raising of families until they are economically able to support them on the high standard ;—especially a rational standard of living which will lead them to postpone marriage until they can provide safety for their families in the form of education, savings deposits, insurance, and small investments. 6. Widespread habits of thrift which will ensure a rapid accumulation of capital, ample equipment for all industries, and low rates of interest. These factors working in cooperation will raise wages and diffuse prosperity. This is a proposition supported by economic theory heroically applied. Tt is also supported by an appeal to facts when observed on a national and an international scale. Throughout the world, in proportion as those six factors are found working in combination, in that proportion do we find wages high and prosperity diffused. In proportion as any or all of them are lacking, in that proportion are wages low and prosperity either entirely lacking or limited to a few privileged classes. They are therefore submitted as the necessary basis for the technology of that kind of reform which aims at higher wages and a wider diffusion of prosperity

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