Naturalwirtschaft und Geldwirtschaft in der Weltgeschichte

Bibliographic data

Monograph

Identifikator:: 1824546017

URN:: urn:nbn:de:zbw-retromon-214923

Document type:: Monograph

Author:: Dopsch, Alfons http://d-nb.info/gnd/118680390

Title:: Naturalwirtschaft und Geldwirtschaft in der Weltgeschichte

Place of publication:: Wien

Publisher:: Seidel

Year of publication:: 1930

Scope:: XII, 294 S.

Digitisation:: 2022

Collection:: Economics Books

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

Index

Document type:: Monograph

Structure type:: Index

Collection:: Economics Books

272 INDUSTRIAL REVOLUTION AND WAGES ward in a practical way by the locomotive engineers and firemen in their arbitrations, it was derided by railway management as a visionary, academic theory, incapable of practical application. Later, the claim that wage-earners should participate in earnings according to their contribu- tion to output, was strenuously opposed on moral and eco- nomic grounds based on the argument that lower costs and productive gains had their origin in managerial ability and in new capital commitments—the installation of new ma- chinery and equipment and the adoption of improved proc- esses and methods. The recognition of such a theory, it was claimed, would remove the incentive for new capital investment and thus prevent industrial progress and expan- sion. Not until after the inauguration of the new post-war policy of reviving and maintaining general prosperity through mass production and distribution, and through the stimulation of consuming power by wage increases, was there any general aceptance of the theory that industrial workers should participate in lower costs and productive gains. Some of the ultra-conservative associations of manufacturers even then conceded this participation not as a moral or economic right, but only on the selfish policy that if wage-earners received more compensation they would consume more commodities and services, and thus help to expand demand for commodities—the basic essen- tial of stabilized prosperity. The more liberal industrial leadership, however, has unreservedly accepted as a funda- mental of enlightened industrial statesmanship the right of wage-earners to share in output according to their con- tribution thereto. It has become an accepted, fundamental tenet of the new industrial régime. Likewise, the opposition to an adequate basic wage has ceased. The old claim that to grant labor a “living wage”

Access restriction

Copyright

fullscreen: Naturalwirtschaft und Geldwirtschaft in der Weltgeschichte

Monograph

Index

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation