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amount argument Austrian School average capital and labour capitalist cent cheap classes collieries commodities competition conception consumers consumption contracts cost of production course crop Crown 8vo desire determined difficulty distribution duction economist employer exchange value fact factors factors of production falling prices fixed give gold human industry Keir Hardie labour and capital less limited living wage loaf low prices low wages machine machinery manufacturer marginal utility masters means metals mills miners minimum wage modity national dividend national income natural necessary normal old wealth organisation overproduction paid perhaps POLITICAL ECONOMY possible present price of coal profits question realised reason recognised reduced rise seems share shillings sliding scale Smart social society standard of comfort standard price standard wage subsistence sumption supply and demand theory of value things tion trade union whole William Smart women women's wages workers
Page 197 - They say unto him, Because no man hath hired us. He saith unto them, Go ye also into the vineyard ; and whatsoever is right, that shall ye receive.
Page 34 - But it will serve to give some definiteness to our ideas, if we consider here what are the necessaries for the efficiency of an ordinary agricultural or of an unskilled town labourer and his family, in England, in this generation. They may be said to consist of a well-drained dwelling with several rooms, warm clothing, with some changes of underclothing, pure water, a plentiful supply of cereal food, with a moderate allowance of meat and milk, and a little tea, etc., some education and some recreation,...
Page 347 - Conflicts of Capital and Labour Historically and Economically considered. Being a History and Review of the Trade Unions of Great Britain, showing their Origin, Progress, Constitution, and Objects, in their Political, Social, Economical, and Industrial Aspects.
Page 4 - En tout genre de travail, il doit arriver et il arrive en effet que le salaire de l'ouvrier se borne à ce qui lui est nécessaire pour lui procurer sa subsistance.
Page 190 - OATS [a grain which in England is generally given to horses, but in Scotland supports the people], — Croker.
Page 344 - Capital and Interest. A Critical History of Economical Theory. By EUGEN V. BOHM-BAWERK, Professor of Political Economy in the University of Innsbruck. Translated, with a Preface and Analysis, by WILLIAM SMART, Lecturer on Political Economy in Queen Margaret College, Glasgow. 8vo.
Page 295 - What power he possesses to prolong his will after his death — the right of a dead hand to dispose of property — is a pure creation of the law, and the State has the right to prescribe the conditions and the limitations under which that power shall be exercised.
Page 328 - But when machinery is replacing man and doing the heavy work of industry, it is time to get rid of that ancient prejudice that man must work ten hours a day to keep the world up to the level of the comfort it has attained. Possibly, if we clear our minds of cant, we may see that the reason why we still wish the laborer to work ten hours a day is that we, the comfortable classes, may go on receiving the lion's share of the wealth these machines, iron and human, are turning out.
Page 252 - I must repeat my conviction that the industrial economy which divides society absolutely into two portions, the payers of wages and the receivers of them, the first counted by thousands and the last by millions, is neither fit for, nor capable of, indefinite duration...
Page 4 - Le simple ouvrier qui n'a que ses bras et son industrie, n'a rien qu'autant qu'il parvient à vendre à d'autres sa peine. Il la vend plus ou moins cher; mais ce prix plus ou moins haut ne dépend pas de lui seul : il résulte de l'accord qu'il fait avec celui qui paye son travail.