Poverty Its Genesis And Exodus An Inquiry Into Causes And the Method of Their

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Poverty Its Genesis And Exodus An Inquiry Into Causes And the Method of Their
John George Godard
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As the result of the political and industrial reforms to which reference has been made, 2 not only would there be an increased productivity, but, in consequence of the power the workers would possess of commanding a larger portion of the produce, and of, therefore, more effectually controlling its form, there would be a gradual increase in the production of necessaries. But we can also contribute to this result in other ways, which have yet to be pointed out. Limitation of Expenditure. — Saving.... If the nature of supply is indirectly determined by the nature of demand, then our individual demand 1 The same cause is also in another way indirectly responsible for less necessaries being produced, since capital and labour are employed in the production not only of luxuries, but of spurious, adulterated, and partly useless commodities. This is more fully considered when dealing with Waste. Page 77 et seq. - Page 55 et seq. 6o LIMIT A TION OF EXPENDITURE. Is all-important. By abstaining from purchasing articles we can do without, we add to our savings, and therefore to capital, and therefore to the demand for labour, and therefore to the labourer's wage, and therefore to the effective demand for necessaries.

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