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.

240 POLITICAL ECONOMY to the needs of the community, and is pro jected on such a scale that the whole of the employable population tends to be employed. By the right wage I mean the wage which accurately represents the equilibrium which would be brought about by the forces des cribed if they worked in a frictionless medium, which society is not. Can we be sure that in the pleading of a case before an arbitrator it would be possible to make these forces explicit and adequately to express them ? Moreover, can we be sure that the arbitrator would always, or commonly, be possessed of that insight which would enable him properly to appreciate and duly to balance the testi mony laid before him ? Arbitration over small points and the inter pretation of existing contracts is quite another matter. In this matter it is folly not to use to the full the judicial referee. But the industrialised western world has hitherto shown itself distrustful, and not without reason, of the method of the law-courts in its application to labour disagreements which do not arise out of the reading of existing undertakings. It seems to feel instinctively that the forces expressed in demand and supply must be left by their interplay to bring about their own position

Access restriction

Copyright

fullscreen: Political economy

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation