Business Economics

Cover Business Economics
Business Economics
Bogart, Ernest Ludlow, 1870-1958
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The introduction of luxuries and the consequent raising of the standard of living seem often the only way to se- cure progress. If the mass of the people live on the minimum of cheap food, multiply as long as cheap food is to be had, and spend little for comforts and luxuries, then most of the labor of such a community must be spent in obtaining food for the masses. Such is the condition in India and China. But if a large part of the community has a higher standard of living, it will exercise s
...elf-re- straint in the increase of its numbers, and the whole level of intelligence and comfort will be raised, as is the case in France, Switzerland, and New England.
On the other hand, it is urged that ** failure on the part of any family to secure the necessaries of life is injurious, not only to it, but to the whole community. Under-con- sumption means under-nutrition and loss in industrial eflSciency. If permitted to continue it must inevitably undermine the standards which make a family self-sup- porting and self-sufficient and reduce its members to dependency.


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