Deutsche Geschichte: Anhang. Bibliographie. Register

Anhang. Bibliographie. Register (Bd. 12 = Schlußbd.)

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Multivolume work

Identifikator:: 1818395479

Document type:: Multivolume work

Author:: Marx, Karl http://d-nb.info/gnd/118578537; Engels, Friedrich http://d-nb.info/gnd/118530380

Title:: Historisch-kritische Gesamtausgabe

Place of publication:: Frankfurt a.M.

Publisher:: Marx-Engels-Archiv

Year of publication:: 1927-

Collection:: Economics Books

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Volume

Identifikator:: 184104282X

URN:: urn:nbn:de:zbw-retromon-239451

Document type:: Volume

Author:: Marx, Karl http://d-nb.info/gnd/118578537; Engels, Friedrich http://d-nb.info/gnd/118530380

Title:: Der Briefwechsel zwischen Marx und Engels 1868-1883 / [hrsg. von D. Rjazanov]

Volume count:: Abt. 3, Briefwechsel, Bd. 4

Place of publication:: [Frankfurt a.M.]

Publisher:: [Marx-Engels-Archiv]

Year of publication:: 1931

Scope:: XVI, 759 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Der Briefwechsel zwischen Marx und Engels. 1868-1883

Collection:: Economics Books

LOWER COSTS AND HIGHER WAGES 219 ing. The largest bank of the country—the National City Bank of New York—in its financial review for May, 1927, makes the following comment as to the growth of business and wealth since the close of the war: Inasmuch as the amount which the individual can spend on necessities such as food and clothing is fairly limited, the excess has flowed out and created the demand for better hous- ing, for automobiles, radios and the like, that has gone to sus- rain the business boom. It has also made possible a larger attendance at schools and colleges. Shortages created by the war may be made up and the stimulation of business derived from them dissipated, but the impetus received from an im- proving state of general well-being goes on so long as each individual recognizes, and in his dealings with others is guided by, the principle that prosperity is dependent upon an even exchange of goods and services and that it is the wealth which one produces that enables him to buy the products of nthers. This dominant financial institution, as can be readily seen, in its analysis of the post-war business situation, com- pletely eliminates the shortage caused by the war as only a temporary cause of prosperity, and gives its sanction to the theory that the force of an increasing volume of consump- tion and well-being is the real foundation of industrial ex- pansion after the unusual but temporary demands arising from the war-shortage had been satisfied. One of the most interesting and comprehensive as well as one of the most analytical and sound discussions of the new order of thought and action which has characterized American business and industrial undertakings since the year 1923 is to be found in a series of articles written by Mr. Garet Garrett for The Saturday Evening Post at the close of 1927 and the beginning of 1928. The following liberal auotation is reproduced from one of these articles as

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