The Economics of Henry Georges Progress And Poverty
The Economics of Henry Georges Progress And Poverty
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In our eReader you can find the full English version of the book. Read The Economics of Henry Georges Progress And Poverty 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 The Economics of Henry Georges Progress And Poverty
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«/btd. , 188.
" Henry George, Progress and Poverty, 161, 724 JOURNAL OF POLITICAL ECONOMY of the poor condition of the laborer and of the tendency of wages to be forced to a minimum of subsistence he forgets his inclusive definition and has in mind the class of manual laborers. George also speaks as though labor were homogeneous, as if there were a general market rate of wages, so that a rise in this rate would benefit all laborers just as a rise in the price of wheat bene- fits the wheat-growe...rs. Now it is evident that there are many classes of laborers and that their interests are not identical. The manager of an industry is, by George's definition, a laborer, yet he sometimes finds the reward of his exertion in keeping down the wages of his employees.
Moreover, the question of risk is not disposed of by simply saying it has no place "since it is eliminated when all the trans- actions of a community are taken together. " Risk-taking is, in fact, a distinct element in business and has its reward.
What to read after The Economics of Henry Georges Progress And Poverty?
You can find similar books in the "Read Also" column, or choose other free books by Edgar Hutchinson Johnson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
«/btd. , 188.
" Henry George, Progress and Poverty, 161, 724 JOURNAL OF POLITICAL ECONOMY of the poor condition of the laborer and of the tendency of wages to be forced to a minimum of subsistence he forgets his inclusive definition and has in mind the class of manual laborers. George also speaks as though labor were homogeneous, as if there were a general market rate of wages, so that a rise in this rate would benefit all laborers just as a rise in the price of wheat bene- fits the wheat-growe...rs. Now it is evident that there are many classes of laborers and that their interests are not identical. The manager of an industry is, by George's definition, a laborer, yet he sometimes finds the reward of his exertion in keeping down the wages of his employees.
Moreover, the question of risk is not disposed of by simply saying it has no place "since it is eliminated when all the trans- actions of a community are taken together. " Risk-taking is, in fact, a distinct element in business and has its reward.
What to read after The Economics of Henry Georges Progress And Poverty?
You can find similar books in the "Read Also" column, or choose other free books by Edgar Hutchinson Johnson to read onlineMoreLess
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