Excerpt from Three Lectures on the Rate of Wages: Delivered Before the University of Oxford, in Easter Term, 1830; With a Preface on the Causes and Remedies of the Present Disturbances
It is true, that if we adopt no preventive measures, if we persist blindly in our course of error, the temporary relief afforded by emigration will come to an end, and the vacuum will, in sixteen or seventeen years, be filled up. But is it certain that we shall not profit by experience? Have we a right, or, rather, are we compelled, to assume, as a link in the argument, that we and our successors must be madmen? If a man has been outrunning his income, is it quite certain that we can do him no good by paying his debts, on the ground that if he goes on in the same thoughtless expenditure, he will again be involved as deeply as ever? And even granting that the vacuum will be filled up, will it be nothing to have obtained sixteen years' respite - to have weathered the existing storm - to have adjourned the crisis to a period which may be more favour able, and cannot possibly be less so?
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Paperback. Condition: New. Print on Demand. This book, first published in the early 19th century, offers unique insights into political economy during a period of vast social and economic change in Britain. Through a series of lectures delivered at Oxford University, the author explores the complex and controversial relationship between wages and labor, particularly within a free market. The author eschews commonly held beliefs of the time to argue that the rate of wages depends on the balance between the number of laborers in a given market and the availability of work. The author's writing, ahead of its time in its clarity and focus on real-world data, demonstrates that while free-market principles can promote prosperity, it can also be a double-edged sword without a social safety net. This book is an insightful and enduring contribution to the history of economics and a valuable resource for anyone interested in the interplay between labor and capital. 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 # 9781330809419_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330809419
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330809419
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Condition: Sehr gut. Zustand: Sehr gut - Gepflegter, sauberer Zustand. | Seiten: 92 | Sprache: Englisch | Produktart: Bücher. Seller Inventory # 25852055/2
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