The Practical Application of Economic Theories: In the Factories of Alfred Dolge Son (Classic Reprint) - Softcover

Alfred Dolge

Softcover

ISBN 10: 1330127684 ISBN 13: 9781330127681

Publisher: Forgotten Books, 2018

Synopsis

This book delves into the life and work of a pioneering industrialist who sought to revolutionize the relationship between capital and labor. Born in Germany and trained in piano construction, the author rose from the ranks of a working-class immigrant to become a successful manufacturer in the United States. Driven by a deep concern for the well-being of his employees, he implemented a groundbreaking system of labor insurance, pensions, and endowments in his factories. This system, coupled with his commitment to education and community development, created a thriving industrial town where labor troubles were virtually unknown. The author's story unfolds against the backdrop of the late 19th and early 20th centuries, a period marked by intense labor unrest and growing concerns about economic inequality. This book explores the author's innovative ideas for addressing these challenges, drawing on his unique perspective as both a former laborer and a successful capitalist. It examines his belief in the importance of education, profit-sharing, and a strong social safety net in creating a more just and equitable society. Ultimately, this book offers a compelling case for the transformative power of ethical business practices and a commitment to the well-being of workers. The author's insights remain relevant today, providing valuable lessons for businesses, policymakers, and anyone concerned about building a more equitable and prosperous society.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 1330127684
• ISBN 13: 9781330127681
• Binding: Paperback
• Number of pages: 268