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actual American banks Bourses du Travail capital capitalist cent committee common companies corporations cost demand democracy democratic direct economic effect efficiency employers employment enterprise excess profits tax exist fact factors factors of production Federal Federal Trade Commission force freedom function fundamental Graham Wallas groups human ideas important income increase individual industrial system interests investment J. A. Hobson J. P. Morgan Justice Labor party labor union liberty living lockouts machinery manufacturers means ment methods movement nature nomic operation organization output ownership pecuniary plant political possible present principle problem production profits question reason recognized reform regulation representative Reprinted by permission result sabotage securities social socialists society standard strike surplus syndicalists syndicat things tion to-day trade unions United wages wealth whole workers workingmen workmen
Page 232 - In all such particulars the employer and the employee have equality of right, and any legislation that disturbs that equality is an arbitrary interference with the liberty of contract which no government can legally justify in a free land.
Page 230 - ... it is not within the functions of government — at least, in the absence of contract between the parties — to compel any person, in the course of his business and against his will, to accept or retain the personal services of another, or to compel any person, against his will, to perform personal services for another.
Page 232 - In present conditions a workman not unnaturally may believe that only by belonging to a union can he secure a contract that shall be fair to him. • * • If that belief, whether right or wrong, may be held by a reasonable man, it seems to me that it may be enforced by law in order to establish the equality of position between the parties in which liberty of contract begins.
Page 217 - The abolition of child labour and the imposition of such limitations on the labour of young persons as shall permit the continuation of their education and...
Page 308 - The object of all reform in this essential matter must be the genuine democratization of industry, based upon a full recognition of the right of those who work, in whatever rank, to participate in some organic way in every decision which directly affects their welfare or the part they are to play in industry.
Page 342 - In the interest of employees and employers of the country, no limitation should be placed upon the opportunities of any person to learn any trade to which he or she may be adapted.
Page 217 - The standard set by law in each country with respect to the conditions of labor should have due regard to the equitable economic treatment of all workers lawfully resident therein.
Page 322 - There must be a division not only of the profits, but a division of the responsibilities; and the men must have the opportunity of deciding, in part, what shall be their condition and how the business shall be run. They also, as a part of that responsibility, must learn that they must bear the results, the fatal results, of grave mistakes, Just as the employer. But the right to assist in producing the results, the right, if need be, the privilege of making mistakes, is a privilege which...
Page 235 - Indeed a little reflection will show that wherever the right of private property and the right of free contract coexist, each party when contracting is inevitably more or less influenced by the question whether he has much property, or little, or none ; for the contract is made to the very end that each may gain something that he needs or desires more urgently than that which he proposes to give in exchange.