The Elements of Political Economy With Some Applications to Questions of the D

Cover The Elements of Political Economy With Some Applications to Questions of the D
The Elements of Political Economy With Some Applications to Questions of the D
J Laurence James Laurence Laughlin
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To any one looking over a great city during work- ing hours, the confusion of noises and movement of people indicate a variety of occupations which, regarded as a whole, seem like an incoherent jumble, without method or purpose. Chimneys are smoking, machinery is rattling, wagons going in opposite directions are crowding the streets, and people swarm the footways. The complexity of business affairs seems hopelessly intricate, and we might possibly think that what we see is merely the result of ...chance. Every person is expected to choose an occupa- tion, and in one way or another take some part in this bustle of work or production. In short, all this marvelous world of trade exists to satisfy human wants. It is the result of efforts to get those things which satisfy our desires. And it is this seemingly complex organization of the business world which we are now to study. It is com- plex, because man has summoned to aid him in this strug- gle for wealth all the resources of invention, all the ac- cumulated skill of centuries, and all the results of civili- zation.

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