The book An Introduction to Political Economy was written by author Ely, Richard T. (Richard Theodore), 1854-1943 Here you can read free online of An Introduction to Political Economy book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is An Introduction to Political Economy a good or bad book?
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A large part of the indus- trial troubles of modern society undoubtedly find their origin in the fact that development of the economic depart- ment of social life has proceeded uKn-e slowly than the de- velopment of other departments. Eisewhere the despotic principle has been softened or displaced, but continuing in the economic sphere it is a discordant element; yet it is diffi- cult for most of us to see how for a long time to come we can wholly dispense with the one-man principle in industry.... It should, liowever, be softened as far as practicable, and men should be gradually trained to understand industrial republi- canism or democracy. M. Godin has set a noble example. Industrial democracy means self-rule, self-control, the self- direction of the masses in their efforts to gain a livelihood. Industrial democracy is industrial self-government, and this is found in pure co-operation. Cooperation is of two kinds : coercive, which means governmental action, and voluntary. We have here to do with voluntary co-operation, and this is what is usually meant PROFIT-SHARING AND CO-OPERATION.
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