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 243 western countries the methods of industrial peace are not unlike those of England. The generation of friction by the processes taking place in the labour market, as com pared with the relatively amicable bargaining which goes on continually where goods are bought and sold, has nothing mysterious in its origins. It is easier to be dispassionate in selling our services indirectly, in the form of what we have made, or acquired as traders to dispose of, than in selling them directly as the workman does who is bargaining about his wages. As practical economists we must admit all facts of this kind into our reckoning, and allow for the danger of leaving some things to be settled by the undisguised and unmitigated action of demand and supply. Just as there are cases, calling for special consideration, in which serious friction is generated by the unrestrained interplay of economic forces, so there are other cases, equally calling for special consideration, in which harm results because the economic forces which would normally be working in the interests of a class are so smothered as not to be properly effective. We have examples in many miserably paid callings, and in much of the casual labour system.

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