Challenge to Economists
Challenge to Economists
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In our eReader you can find the full English version of the book. Read Challenge to Economists Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Challenge to Economists
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It is evident also that were two nations both producing similar articles of high value per worker, under similar condi- 42 A CHALLENGE TO ECONOMISTS tions, a division of labour would not benefit Mankind, but, with a one-sided Free Trade, permit another nation to enlarge its output at our expense and thus increase our own costs of production. 85. So long, therefore, as nations have a separate existence and their inhabitants are not prepared to emigrate or leave the:r land waste, the division of ...labour should fall short of disturbing valuable industries. 86. The absurd conclusions of our Econo- mists arise from a confusion of the Individual with the National cost, of Individual with National wealth, of Productive with Un- productive labour, of the Production with the Distribution of wealth, from a Denial of Intrinsic Value and failure to recognize the Economic Importance of Necessaries, whence the belief that all Value is due to Demand. 87. On these fallacies (and the present money value of a year's bare necessaries of life for the population of the United Kingdom exceeds the sum of £1, 000, 000, 000) A CHALLENGE TO ECONOMISTS 43 rests the whole structure of Free Trade.
What to read after Challenge to Economists?
You can find similar books in the "Read Also" column, or choose other free books by John S Hecht to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is evident also that were two nations both producing similar articles of high value per worker, under similar condi- 42 A CHALLENGE TO ECONOMISTS tions, a division of labour would not benefit Mankind, but, with a one-sided Free Trade, permit another nation to enlarge its output at our expense and thus increase our own costs of production. 85. So long, therefore, as nations have a separate existence and their inhabitants are not prepared to emigrate or leave the:r land waste, the division of ...labour should fall short of disturbing valuable industries. 86. The absurd conclusions of our Econo- mists arise from a confusion of the Individual with the National cost, of Individual with National wealth, of Productive with Un- productive labour, of the Production with the Distribution of wealth, from a Denial of Intrinsic Value and failure to recognize the Economic Importance of Necessaries, whence the belief that all Value is due to Demand. 87. On these fallacies (and the present money value of a year's bare necessaries of life for the population of the United Kingdom exceeds the sum of £1, 000, 000, 000) A CHALLENGE TO ECONOMISTS 43 rests the whole structure of Free Trade.
What to read after Challenge to Economists?
You can find similar books in the "Read Also" column, or choose other free books by John S Hecht to read onlineMoreLess
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