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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102 POLITICAL ECONOMY by entering the ranks of those who exercise the employing function. Moreover, in con sequence of the greater safety assured to the capital of investors when a business is clothed in the legal company forms, it has drawn increasing proportions of the savings of the community into the industrial field, and induced a higher degree of saving than would have taken place otherwise. To say that the earnings of employers are settled by demand and supply is not to demonstrate that it is open to everybody who is prepared to undertake the burden, and is capable of doing the work, to make the employer’s income. It is still necessary in almost all circumstances, that a person should be possessed of some substantial resources if he is to thrust himself into the employing class. Moreover, it is generally requisite that he should have received a certain kind of training, and be in certain relations with particular sections of the business world, to enable him to make a start with fair prospects of success. Consequently, to all but the most exceptional of those who are born in the lower economic ranks, the scaling of the industrial ladder is hard in the absence of unusually good fortune. It

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