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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238 POLITICAL ECONOMY From time to time readjustments of wages are essential. Unfortunately it usually hap pens that such readjustments are accompanied by industrial warfare in the form of strikes and lock-outs, which are wasteful of productive energy and leave behind them such embittered feelings that it becomes difficult for the smooth working of society on its economic side to be resumed. I propose now to consider whether a greater degree of peaceable ness cannot be insinuated into such of the re-arrangements of wages as in justice and fact are unavoidable. When we face this problem, in which are involved not only economic elements, narrowly conceived, but also subtle social elements that defy dogmatic definition and afford no suffi ciently firm foundation for unhesitating pro nouncements, so that in dealing with it one’s own peculiar bias cannot be altogether shut out, the thought will instantly occur that the civilised method of the law-courts might be adapted for the settlement of wages disputes. It is in the law-courts that many other busi ness disputes are settled. But this thought will arise only to be dismissed, except as regards minor disagreements or divergent interpretations of existing contracts, when we keep our attention steadily fixed on needs and

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