Full text: Economic essays

STATIC STATE AND THE TECHNOLOGY OF ECONOMIC REFORM 45 
5. A high standard of living on the part of the laboring classes 
which will lead them to postpone marriage and .the raising of 
families until they are economically able to support them on the 
high standard ;—especially a rational standard of living which 
will lead them to postpone marriage until they can provide safety 
for their families in the form of education, savings deposits, 
insurance, and small investments. 
6. Widespread habits of thrift which will ensure a rapid 
accumulation of capital, ample equipment for all industries, and 
low rates of interest. 
These factors working in cooperation will raise wages and 
diffuse prosperity. This is a proposition supported by economic 
theory heroically applied. Tt is also supported by an appeal to 
facts when observed on a national and an international scale. 
Throughout the world, in proportion as those six factors are found 
working in combination, in that proportion do we find wages high 
and prosperity diffused. In proportion as any or all of them are 
lacking, in that proportion are wages low and prosperity either 
entirely lacking or limited to a few privileged classes. They are 
therefore submitted as the necessary basis for the technology of 
that kind of reform which aims at higher wages and a wider 
diffusion of prosperity
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.