This historic book may have numerous typos and missing text.
Purchasers can download a free scanned copy of the original book
(without typos) from the publisher. Not indexed. Not
illustrated.1900 Excerpt: ... it did not unhappily represent the
accepted economic creed of a large number of persons. It represents
the frame of mind which, in public discussion, at all events, has
unduly neglected the importance of our home market. This market is
to be fostered and extended mainly by a policy which will permit
the less competent grade of labour to improve its industrial
character. For this purpose it is most essential to rescue it from
the deteriorating influence of the Poor Law. If, as we argue, a
more restrained administration of the Poor Law will give greater
scope and power to the labour-distributing influence of Free
Exchange, if thereby better wages and a higher standard of life are
the result, a new and progressively expansive demand for the
necessities and common luxuries of life is at once brought to bear
on the home market. Industrial progress, as Bastiat long ago
pointed out, in his inimitable epigrammatic way, gives to the
prices of commodities a tendency towards gratuity. Labour contracts
itself out of this gravitation towards cheapness, by acquiring
mobility, by avoiding the worse and seeking the better-paid
employments. Efficiency of productive method tends to cheapness,
and at every lowering of price a new set of customers is brought
within range. Every movement of labour also to a better market
gives rise to a class of customer whose purse is better filled. In
this way the market grows. In the long process of emerging from a
condition of status to one of contract, additional impediments have
been caused by man's slowness to learn the arts of life. One of the
most injurious of these has been erected by our methods of public
relief. We are justified, both by theory and history, in
characterising our Poor Law system as a revival in a new guise of
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|Country of origin:
||246 x 189 x 8mm (L x W x T)
||Paperback - Trade
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