Economics in India : Inaugural Lecture
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In our eReader you can find the full English version of the book. Read Economics in India : Inaugural Lecture 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 Economics in India : Inaugural Lecture
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2 The deductive inference is that the tenant farmers who introduced the improved methods would benefit at first, but would lose much of the benefit vvhen the improvements becapie general.
2l Suppose, again, that industrial developments proceed in India as they have begun — that more factories are built, mines opened, and iron and steel works started — will this enrich the labouring class ?
I think not. It would produce high wages only for a comparatively small number of skilled em- ployees. For... the unskilled work there would generally be a full supply of labour available at a bare subsistence wage. There is only one con- dition in which this would not be true, and that is that the demand should increase with a sudden spurt. With isolated local exceptions, there has been no sudden growth of industrial demand for labour in India yet — only a slow steady expansion which the normal increase of population meets at little more than subsistence wages.
We are now brought face to face with an ethical question, an excellent example of ethical economics.
What to read after Economics in India : Inaugural Lecture?
You can find similar books in the "Read Also" column, or choose other free books by Jevons, Herbert Stanley, 1875- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
2 The deductive inference is that the tenant farmers who introduced the improved methods would benefit at first, but would lose much of the benefit vvhen the improvements becapie general.
2l Suppose, again, that industrial developments proceed in India as they have begun — that more factories are built, mines opened, and iron and steel works started — will this enrich the labouring class ?
I think not. It would produce high wages only for a comparatively small number of skilled em- ployees. For... the unskilled work there would generally be a full supply of labour available at a bare subsistence wage. There is only one con- dition in which this would not be true, and that is that the demand should increase with a sudden spurt. With isolated local exceptions, there has been no sudden growth of industrial demand for labour in India yet — only a slow steady expansion which the normal increase of population meets at little more than subsistence wages.
We are now brought face to face with an ethical question, an excellent example of ethical economics.
What to read after Economics in India : Inaugural Lecture?
You can find similar books in the "Read Also" column, or choose other free books by Jevons, Herbert Stanley, 1875- to read onlineMoreLess
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