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POLITICAL ECONOMY
its potential supplies. Action of the latter
kind must obviously aim at raising the vertical
mobility of the population, as it may be put
technically—at rendering it increasingly
possible for talents to discover themselves
and discover in addition suitable outlets.
As things are the national product would
rise if the relative number of those who
function as organisers and sub-organisers
increased ; and their relative numbers would
tend to increase were they picked from a
wider field, so that the supply price for any
given number of them would be reduced.
Moreover, when organisers are picked from
a wide field, the level of capacity among them
may be expected to be higher than when they
are picked from a narrow field. And, in
addition, when forcible and continual com
petitive pressure is brought to bear upon the
organising ranks from below, by new men
who are attempting to force their way into
the ranks of leadership, those who are already
established are compelled to be zealous and
alert. Of the enlarged product brought
about by the vertical mobility of labour, a
substantial portion must almost certainly be
reaped by labour, because the marginal utility
of labour tends to rise as the amount and
efficiency of the attention devoted to its