The Physiology of Industry Being An Exposure of Certain Fallacies in Existing T
The Physiology of Industry Being An Exposure of Certain Fallacies in Existing T
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In our eReader you can find the full English version of the book. Read The Physiology of Industry Being An Exposure of Certain Fallacies in Existing T 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 Physiology of Industry Being An Exposure of Certain Fallacies in Existing T
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, Ch. V. , s. 3.
!
PRODUCTION AND CONSUMPTION. 39 make such additions to plant and R. M. As increase in consumption may render desirable) goes into wages- fund, and for that reason ranks as economic saving and economic capital, it is clear that there is no limit assigned to saving and capital by any consideration of future consumption. If a mere addition to wages- fund is effectual saving, not only does future con- sumption place no limit on capital, but not even does production. An increase in... the wages-fund, the result of which is to enable labourers to consume luxuries, obviously adds nothing to their producing power. Mill's theory, then, admits an indefinite expansion of capital, without any effect either on production or consumption. It is true he is not consistent in his language, but speaks in one passage of ' an increased production, ' which apparently is to follow 'the in- creased accumulation, ' and which ' might, rigorously speaking, continue, until every labourer had every indulgence of wealth consistent with continuing to produce.
What to read after The Physiology of Industry Being An Exposure of Certain Fallacies in Existing T?
You can find similar books in the "Read Also" column, or choose other free books by A F Albert Frederick Mummery to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
, Ch. V. , s. 3.
!
PRODUCTION AND CONSUMPTION. 39 make such additions to plant and R. M. As increase in consumption may render desirable) goes into wages- fund, and for that reason ranks as economic saving and economic capital, it is clear that there is no limit assigned to saving and capital by any consideration of future consumption. If a mere addition to wages- fund is effectual saving, not only does future con- sumption place no limit on capital, but not even does production. An increase in... the wages-fund, the result of which is to enable labourers to consume luxuries, obviously adds nothing to their producing power. Mill's theory, then, admits an indefinite expansion of capital, without any effect either on production or consumption. It is true he is not consistent in his language, but speaks in one passage of ' an increased production, ' which apparently is to follow 'the in- creased accumulation, ' and which ' might, rigorously speaking, continue, until every labourer had every indulgence of wealth consistent with continuing to produce.
What to read after The Physiology of Industry Being An Exposure of Certain Fallacies in Existing T?
You can find similar books in the "Read Also" column, or choose other free books by A F Albert Frederick Mummery to read onlineMoreLess
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