The book Problems in American Democracy was written by author Thames Williamson Here you can read free online of Problems in American Democracy book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Problems in American Democracy a good or bad book?
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(Carver, Essays in Social Justice, chapter vii. ) 14. Causes of the scarcity of labor. (Carver, Elementary Economics, pages 269-271. ) 15. The importance of consumption. (Carver, Elementary Economics, chapters xxxviii and xxxix. ) 16. Importance of thrift. (Annals, vol. Ixxxvii, pages 4-8. ) 17. Luxury. (Carver, Elementary Economics, chapter xl. ) 18. Choosing a vocation. (Parsons, Choosing a Vocation. ) PART III — AMERICAN SOCIAL PROBLEMS CHAPTER XVIII INDUSTRIAL RELATIONS 181. Labor and capit...al. — Strictly speaking, five distinct factors are involved in production: land, labor, capital, coor- dination, and government. As a matter of fact, we are accus- tomed to speak of the immediate conduct of industry as in- volving only two factors: labor and capital. Used in this sense, the term labor refers to the masses of hired workmen, while the term capital is held to include not only the individual who has money to invest, i. E. The capitalist proper, but also the entrepreneur, or managing employer.
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