Descriptive Economics: An Introduction to Economic Science
Descriptive Economics: An Introduction to Economic Science
Louis Lafayette Williams, Fernando E. Rogers
The book Descriptive Economics: An Introduction to Economic Science was written by author Louis Lafayette Williams, Fernando E. Rogers Here you can read free online of Descriptive Economics: An Introduction to Economic Science book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Descriptive Economics: An Introduction to Economic Science a good or bad book?
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They labor for the community at large. The villager with his com- mon interest in the lands, provisions, and slaves becomes a capitalist, and the slave the laborer. There is no collision between capital and labor, however, because the slave is both the capital as well as the laborer. The agricultural community life, then, is responsible for another great economic change. Prior to it no man is master and no man is servant. Now comes the slave serving a master and after him the servant in the hir...e of an employer. Serfdom is said to originate in two ways. First, by the conquest and subjugation of the originally free inhabitants of a country, and secondly, by the natural growth of mon- Digitized by Google 86 DESCRIPTIVE ECONOMICS. archical institutions. Arising in the first way it is an amelioration of the lot of slavery. When a whole country is conquered the conquerors cannot well convert the entire popu- lation into personal slaves. The country is parceled out among the victors and as part of the spoils the original dwellers go with the soil.
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