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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PROBLEMS OF DISTRIBUTION 229 been solved. There remain for discussion the vital questions, first of what are the effects of the use of machinery upon labour directly apart from its wages (what, for instance, are the effects upon the workman’s producer’s surplus), and, secondly, of what are its effects upon the prospects of the more able and ambitious of the labour world. These questions it is for realistic economics to answer, but two thoughts may be suggested: the one that the influence of machinery on labour is elevating when the workman is no longer called upon to perform a mechanical task, and possibly a heavy task, but is required instead to apply knowledge and exercise intelligence in the management of power-driven appliances of a complicated nature ; and the other that within the large business upward progression may be possible for the talented, while it may still be feasible to start employing, in many industries, in a small way which may not be beyond the reach of the pushing and thrifty workman under conditions of developed credit. The beautiful theory of distribution ex pounded in the last few chapters works in the world as it is against enormous friction. It is not, therefore, surprising to find in all advanced countries associations of workmen

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