The Fiscal Problem, With Diagrams
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In our eReader you can find the full English version of the book. Read The Fiscal Problem, With Diagrams 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 Fiscal Problem, With Diagrams
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Protection is anti-social, sacrificing the general welfare to the interests of a class.
Protection, in short, is either injurious or useless ; it cannot be beneficial.
THE PBOBLEM Resolved into its primal elements, the problem to^ be solved is simply one of what is more desirable, abundance or scarcity of goods. This is the vital, indeed the only issue, and it is one in which every man, woman, and child in the country is concerned.
The advantages of a plentiful supply of the necessaries of life... are so self-evident that it is somewhat sui-prising that the policy by which that result is obtained should ever be the subject of question by even the merest tyro in political economy. That it is questioned is due to the statement of the reactionists, that by making goods scarce, and consequently dear, you will give an incentive to their production at home ; thus creating a demand for additional labour, which in its turn will lead to an increase in wages. How fal- lacious is this hope has been shown in the preceding pages ; but assuming that there was some truth in it, we might observe that the other side of the matter is that as money would have less purchasing power owing to the increased prices, there would be no real 73 74 THE FISCAL PEOBLEM improvement in the condition of the workers — rather the reverse, indeed, as the increase would apply to all the articles they were consumers of, whereas the advance could only take place, if at all, in the wages of the class who were engaged in the protected trades.
What to read after The Fiscal Problem, With Diagrams?
You can find similar books in the "Read Also" column, or choose other free books by James Mcclelland to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Protection is anti-social, sacrificing the general welfare to the interests of a class.
Protection, in short, is either injurious or useless ; it cannot be beneficial.
THE PBOBLEM Resolved into its primal elements, the problem to^ be solved is simply one of what is more desirable, abundance or scarcity of goods. This is the vital, indeed the only issue, and it is one in which every man, woman, and child in the country is concerned.
The advantages of a plentiful supply of the necessaries of life... are so self-evident that it is somewhat sui-prising that the policy by which that result is obtained should ever be the subject of question by even the merest tyro in political economy. That it is questioned is due to the statement of the reactionists, that by making goods scarce, and consequently dear, you will give an incentive to their production at home ; thus creating a demand for additional labour, which in its turn will lead to an increase in wages. How fal- lacious is this hope has been shown in the preceding pages ; but assuming that there was some truth in it, we might observe that the other side of the matter is that as money would have less purchasing power owing to the increased prices, there would be no real 73 74 THE FISCAL PEOBLEM improvement in the condition of the workers — rather the reverse, indeed, as the increase would apply to all the articles they were consumers of, whereas the advance could only take place, if at all, in the wages of the class who were engaged in the protected trades.
What to read after The Fiscal Problem, With Diagrams?
You can find similar books in the "Read Also" column, or choose other free books by James Mcclelland to read onlineMoreLess
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