Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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176 POLITICAL ECONOMY the same, there would soon be an increase in the proportion of the people engaged in carpentering. Nevertheless the inference would be quite invalid that when wages are higher in one calling than in another larger supplies of labour will be forthcoming for the former than for the latter. It may very well be that the higher wages in the one calling are neces sary to overcome adverse influences which deter labour from entering it. The work may be very laborious, or very monotonous, or exceptionally unpleasant or unhealthy ; or it may be irregular, or entail lengthy and expensive training ; or the chance of failing in the calling may be unusually high. All that can be affirmed is that, when full allowance is made for these incidents, an increased supply of labour for a particular avocation can only be enticed by the offer of a more generous recompense. Neither must we conclude that, apart from payment to counteract these deterring influences, the levels of wages will actually incline in the long run to be the same throughout a community. They would, were it a fact that any one workman was as valuable as any other, and that the taste of any one workman with reference to different sorts of work was the same as that of any other. These conditions are not, however, found in

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