The Philosophy of Wealth: Economic Principles Newly Formulated

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Ginn, 1887 - Economics - 236 pages

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Page 37 - ... of another, and in which no one thing can exist without mutually conditioning and being conditioned by every other. That is, the adaptation found, or sought to be found, in concepts when contemplated in their logical aspect, is conceived to be an adaptation of things to one another in such a way that each is at the same time the means and the end of the existence of every other. Such a conception of the world of reality, in which things are united into an...
Page 109 - In the last quarter of a century we have witnessed the enormous growth of power in bodies of men, secured by the combinations of capital on the one hand, and of labor on the other.
Page 162 - What is ordinarily termed a good bargain is, morally, a bad bargain; it is unequal, and good for one party only. Whenever such a transaction takes place some one is plundered. It is the sufferer, in such cases, who usually regrets the occurrence; in an ideal society it would be the gainer who would mourn, however little probability there may be of such a thing in actual society. Sack-cloth and ashes are the proper covering of the man who has made a "good bargain.
Page 162 - What is the fact in the case ? Do persons who have made such bargains, even by questionable means, don the garments of humiliation, or do they show something of complacency ? Are they disposed to conceal their action, or to boast of it? Are they, in fact, treated with less honor by other men, or with more? The whole process is bad ; it is odious, and the worst feature of it is that it is characteristically American. The sharp bargaining spirit, which seeks...
Page 53 - ... overlook the existence and claims of the palate, catering alone to the stomach, so the individualists and many economists deal with man as a machine of a given physiological construction and put in motion by physiological forces, overlooking that psychological forces are his main motive power, " that he is to be lured not pushed in the way of productive effort...
Page 54 - ... Civilized man struggles no longer for existence, but for progressive comfort and enjoyment. It is progress that makes contentment possible, as distinguished from sullen submission to unavoidable hardship. Progress has limits, and many wants must remain forever unsatisfied, and, by a kindly provision, such wants are generally quiescent. Other wants near to the border line of actual possession must be active with a prospect of satisfaction by effort, if happiness is to be attained. It is the want...
Page 193 - ... absolutely eliminated. And this success has not been due to marked superiority in the leadership or in the average membership of these communities, but to the fact that cooperation in agriculture is comparatively easy. Professor JB Clark, in his notable volume "The Philosophy of Wealth" says: "Complete cooperation has succeeded on the largest scale in agriculture. The economic motive for this mode of living is less urgent in this department of industry than in others. Agriculture is not yet centralized,...
Page 148 - Individual competition, the great regulator of the former era, has, in important fields, practically disappeared. It ought to disappear; it was, in its latter days, incapable of working justice.
Page 219 - If competition were supreme, it would be supremely immoral; if it existed otherwise than by sufferance, it would be a demon. Nothing could be wilder or fiercer than an unrestricted struggle of millions of men for gain, and nothing more irrational than to present such a struggle as a scientific ideal.

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