Full text: The common sense of political economy

Image Engineering Scan Reference Chart TE263 Serial Na 
SAMPLES OF ANALYSIS 
fiMAHY.— We may apply the principles we have been studying 
to the analysis of a miscellaneous set of phenomena in 
the social and industrial world, loth by way of exercise 
and by way of testing the principles themselves. The 
subjects chosen in this chapter are gambling, the housing 
problem, unemployment, depression and crises, the im 
mediate and permanent effects of attempts to relieve 
distress, or of changes in expenditure, the meaning of the 
national income and the legitimacy of inferring from it 
the average command of commodities and services which 
would accrue to each individual if wealth were more evenly 
distributed. 
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The systematic portion of our task is completed. It 
pains to illustrate and test the value of the instrument 
analysis which is now in our hands by applying it to 
terete cases. 
We may take our material almost at random. An in- 
' u tion such as Trade Unionism; a programme such as the 
|enre of “ communalising the instruments of production,” 
he more limited proposals to nationalise or coinmunalise 
land, or to feed ill-nourished school children; or matters 
RlSCURsirm cmr>V» oo Vmnaina* nrnhlem. or the onmosals of 
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playing cards for money, or betting on the turf, may 
examination of any one of these questions we shall find
	        
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