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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230 POLITICAL ECONOMY and employers, one of the objects of both of which is to regulate the sharing of wealth between capital and labour ; and it becomes the less surprising when we allow that even if economic tendencies were not naturally retarded under competition it might con ceivably pay certain people to retard them (as we have learnt in the chapter on Monopoly) or it might be thought that it would. It seems likely, though it cannot be firmly established by a rigid logic, that trade unions have had a large effect on the level of earn ings : and they have certainly influenced the position of the wage-earning classes in a variety of other ways, in improving their status, curtailing their hours of labour, and rendering the conditions of their work more agreeable. We shall now consider in some detail how wages can be controlled by trade union action, keeping our discussion throughout hand-in-hand with theory. In the first place, we shall suppose that the organisation of labour is accompanied neither by improvement nor deterioration in its efficiency. It needs no proof that the strong organisa tion of a section of the labour world, in the absence of organisation on the part of other workpeople or in the presence of weaker organisation on the part of other workpeople,

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