Studies in economics

William Smart

Description

BY THE SAME AUTHOR. AN INTRODUCTION TO THE THEORY OF VALUE, on the lines of and BOHM-BAWERK. Cr.MENGER, WIESER, 8vo. Net 35. TRANSLATED BY THE SAME. BOHM-BAWERK'S CAPITAL AND INTEREST. Net iss. POSITIVE THEORY OF CAPITAL. Net I2S. EDITED BY THE SAME. WIESER'S NATURALVALUE. Translated C. E.MALLOCH.by Net IQS. MACMILLAN AND CO. IN ECONOMICSSTUDIES Ex Libris K. OGDENC. STUDIES IN ECONOMICS &i // rY/../~A w- Hof "A fair for a fair is that aas day's wage day's work," who works with his hands earns at least hisfairlyperson But this is incorrect ifmaintenance. demonstrably at which the either from .he labours world,something absence ofdemand or of does notpresence over-supply, 1 desire. The has a rational root inhowever,impression, the fact in a new the earth isthat, country, generally bounteous to a cultivation with aenough repay year's maintenance. But what is the ofyear's consequence 1 See p. 9. II FROM PRICE OFIVAGE COMES COAL 43 the division of labour under which we live ? It involves that a man his individual actiongives up independent becomes one of a of thatand group co-operators ; every is made the continuous both contem-by labour,product and of several classes and ofporary successive, groups workers that the are not divided ; and, finally, products out the but are first sold thatdirectly among workers, is the workers are not a of theto paid bysay, paid by portion but a of the value which their reaiiLd.produce, by portion pro- realises.

Sujets

• Economics

Informations

• Publié par: les_archives_du_savoir
• Nombre de lectures: 16
• Langue: English
• Poids de l'ouvrage: 11 Mo

Extrait

BY THE SAME AUTHOR.
AN INTRODUCTION TO THE THEORY OF VALUE,
on the lines of and BOHM-BAWERK. Cr.MENGER, WIESER,
8vo. Net 35.
TRANSLATED BY THE SAME.
BOHM-BAWERK'S CAPITAL AND INTEREST. Net iss. POSITIVE THEORY OF CAPITAL.
Net I2S.
EDITED BY THE SAME.
WIESER'S NATURALVALUE. Translated C. E.MALLOCH.by
Net IQS.
MACMILLAN AND CO.IN ECONOMICSSTUDIESEx Libris
K. OGDENC.
STUDIES
IN ECONOMICS
&i // rY/../~A w-
Hof<i|er.