CHAPTER IX 
PROBLEMS OF DISTRIBUTION 
It is now my intention to discuss some details 
and practical points connected with the 
abstract theory of distribution already set 
forth, but before doing so it will be as well 
to repeat in what the gist of this theory 
consists. Broadly put the modern doctrine 
of distribution affirms that payment for the 
employed agents in production is settled by the 
forces of demand and supply. The demand 
for a factor is supposed to measure the 
marginal worth of that factor to employers, 
in view of the existing supplies of other factors, 
while its supply forces mean the prices at 
which different quantities of that factor will be 
forthcoming. As regards the employer, his 
remuneration for the work that he does, apart 
from payment for his capital, is represented 
as what is left over after payment for the 
employed agents ; and it is maintained that 
this amount, in the case of the employer of 
marginal capacity, tends to equal his supply