Economic Basis of Protection
Economic Basis of Protection
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In our eReader you can find the full English version of the book. Read Economic Basis of Protection 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 Economic Basis of Protection
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In time the new wants will become of equal urgency with those now supplied, and only then will the injurious effects upon the laborers be removed. So long, however, as the national policy is passive and nothing is done to aid the transference of laborers to new occupations, the course of prices and of wages will be as I have indi- cated. The cost of the passive policy to the people is measured by the loss of labor and capital during this period of transition, while there is a great difference i...n the urgency of the various wants which are gratified by the articles produced by laborers. A passive policy prevents an increase in the opportunities for labor as compared with population and is thus the cause of the crushing effects of competition. There is only a small surplus of laborers without remunerative occupation, but these few have a depressing effect upon wages. Change THE ECONOMIC BASIS OF PROTECTION. 79 the relation of population to opportunities for labor and wages will rise rapidly, and those natural monopolies which result from a passive policy and from the increase in the pressure of population will lose their value.
What to read after Economic Basis of Protection?
You can find similar books in the "Read Also" column, or choose other free books by Simon Nelson Patten to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In time the new wants will become of equal urgency with those now supplied, and only then will the injurious effects upon the laborers be removed. So long, however, as the national policy is passive and nothing is done to aid the transference of laborers to new occupations, the course of prices and of wages will be as I have indi- cated. The cost of the passive policy to the people is measured by the loss of labor and capital during this period of transition, while there is a great difference i...n the urgency of the various wants which are gratified by the articles produced by laborers. A passive policy prevents an increase in the opportunities for labor as compared with population and is thus the cause of the crushing effects of competition. There is only a small surplus of laborers without remunerative occupation, but these few have a depressing effect upon wages. Change THE ECONOMIC BASIS OF PROTECTION. 79 the relation of population to opportunities for labor and wages will rise rapidly, and those natural monopolies which result from a passive policy and from the increase in the pressure of population will lose their value.
What to read after Economic Basis of Protection?
You can find similar books in the "Read Also" column, or choose other free books by Simon Nelson Patten to read onlineMoreLess
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