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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SUPPLY AND DEMAND 91 of improving his position, the ambitious operative is not likely to work with much enthusiasm. When all this has been said, however, every aspect of the problem of the efficiency of labour has not been presented. A community is only rendered most efficient, in the broadest sense of the term, when the most valuable productive potentiality of each person has been rendered actual. To bring out the highest powers of the individual and place him at work suited to his capacity implies an educational system which is successful both in disclosing and training ability and a social system wherein an individual, whatever the grade of his birth, finds no difficulty in making his way into the economic ranks for func tioning in which he is well endowed naturally and properly prepared. Given these conditions and a sufficiency of initiative and perseverance in the individual, the vertical mobility of labour (by which is meant the recruiting of one economic class from another) is said to be high. The end of production, we must bear in mind, is not to secure the greatest volume of goods, but, other things being equal, the greatest volume when they consist in the articles and services most in demand. Exactly

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