Chapters On Practical Political Economy Being the Substance of Lectures Deliver
Chapters On Practical Political Economy Being the Substance of Lectures Deliver
Bonamy Price
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Political Economy legitimately and consistently declares that the pursuit of wealth by means injurious to the well-being of the people is rightly forbidden by the State, as the guardian of all classes of the community. Such philanthropy a philanthropy based on a deliberate judgment that the highest motives of humanity demand that certain acquisitions of wealth must be abandoned as tending to degrade a people and its civilisation may be insisted on by every Political Economist with perfect consi...stency. But there is another kind of philanthropy which must now be considered. 3. Labourers, then, are justified in seeking the aid of one another in the settlement of the true market of labour under the actual circumstances of the day. They need such associated assistance in bargaining that is, in what Adam Smith calls the higgling of the market. This does not mean that all selling of labour is a battle. On the contrary, when trade has been long steady, and kindly feelings have existed between employers and workmen, a just wage is arrived at without calling out 246 TRADE UNIONS.
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