The Modern Distributive Process: Studies of Competition and Its Limits, of the Nature and Amount of Profits, and of the Determination of Wages, in the Industrial Society of to-Day (Classic Reprint) - Softcover
Synopsis
Understanding how competition shapes wages, profits, and the modern economy
This book examines the forces that determine wages and profits in industrial society. It explains how teams of producers, labor, and capital interact to set prices, costs, and the value of work in a changing market.
In accessible sections, the text explores the limits of competitive forces, the role of capital and management, and how legislation and collective action influence outcomes. It connects classic ideas to modern conditions, offering a clear view of why profits and wages move together with production costs and social demand.- How competition can suppress or raise wages under different market pressures
- What drives the natural rate of wages and why it matters for policy
- How unions, strikes, and regulation interact with business incentives
- The distinction between entrepreneurial rewards and capitalist profits
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The Modern Distributive Process (Classic Reprint)
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Paperback. Condition: New. Print on Demand. This book examines the principles of distribution of wealth, focusing on the processes by which income is divided among individuals in modern societies. In contrast to earlier economic theories, which assumed unlimited competition, this book argues that the real world is characterized by the formation of groups and combinations that influence the distribution of income. The author analyzes the natural group system of modern industry, identifies where competition is possible and where combinations are naturally invited, and demonstrates that residual competition remains a significant regulating principle. The book also discusses the ethical consciousness of society, which influences the distribution of income and promotes the natural movement towards equity. Through its insights, this book provides a deeper understanding of the complex processes that determine the distribution of wealth and the role of competition and cooperation in shaping economic outcomes. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330279724_0
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The Modern Distributive Process Studies of Competition and Its Limits, of the Nature and Amount of Profits, and of the Determination of Wages, in the Industrial Society of toDay Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330279724
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The Modern Distributive Process Studies of Competition and Its Limits, of the Nature and Amount of Profits, and of the Determination of Wages, in the Industrial Society of toDay Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330279724
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