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.

224 POLITICAL ECONOMY wanted and more has to be produced, and because, were some labour left unoccupied nevertheless, this labour would be needed to produce other things (including leisure) which people had not been in a position to buy when they had been forced to pay so much for the thing that was afterwards cheapened. We may therefore conclude that, in conse quence of the introduction of machinery, in the long run as much labour will be wanted as before, and will even be wanted more intensively (as will be argued later), despite the fact that some labour may occasionally lose work for a time and possibly suffer permanently through having been narrowly specialised to a task which machinery assumes. The impossibility of there ever being insuffi cient work for a community normally becomes evident when we bear in mind that the demand for labour is simply a reflection of the com munity’s demand for things which may be regarded as practically insatiable. So Mr. Midshipman Easy was uttering an outrageous fallacy when he gave expression in this way to the wisdom which he is supposed to have learnt in the Navy :—“ The luxury, the pampered state, the idleness—if you please, the wickedness—of the rich, all contribute to the support, the comfort, and employment of

Access restriction

Copyright

fullscreen: Political economy

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation