Political economy

Bibliographic data

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

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

222 POLITICAL ECONOMY account. Evidently a producer’s surplus is normally yielded by every kind of work. What is the good of the conception ? It furnishes us with a clear-cut notion of an important part of the national income of utility which we should otherwise be in danger of overlooking, and moreover provides us with a theoretical (which may become a practical) means of measuring it. It is imperative that in directing progress the influence of different courses of action on the real, though intangible, income represented by producer’s surplus should not be lost sight of, as it is only too apt to be. In this discussion we have come in touch with the problem of the hours of labour, as regards which it must now suffice to say that, in the settlement of the duration of the normal day’s work, wages, the marginal dissatisfaction of working, the effect of different hours of labour on productivity and on the producer’s surplus of the operative, and the utility of capital in relation to the proportion of time that it is idle, all play a part; but not all of them such a part as they ought to play. Having noted so much, we may pass on to the equally practical and urgent question of the bearing of an extensive use of capital on

Access restriction

Copyright

fullscreen: Political economy

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation