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Author: Albert Frederick Mummery
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 242
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Book Description
Author: Albert Frederick Mummery
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 242
Get Book Here
Book Description
Author: John Atkinson Hobson
Publisher:
ISBN: 9781528715072
Category : Social Science
Languages : en
Pages : 236
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Book Description
First published in 1889, "The Physiology of Industry" is an influential treatise by British economist on John Atkinson Hobson that outlines some of the key areas of his theory of underconsumption. Within it, Hobson analyses the nature of production by considering the influence of the supply of gold on the economy, the connection between consumption and wealth, and the law of supply and demand. Contents include: "Scope of Production", "Quantitative Relation of Wealth to Consumption", "The Physiology of Production - The Law of Supply and Demand", "Over-production and Economic Checks", "Expansion and Contraction of Trade", "The Law of the Limiting Requisite", "Scarcity of Gold as an Economic Factor", etc. John Atkinson Hobson (1858 - 1940) was an English social scientist and economist most famous for his work on imperialism-which notably had an influence on Vladimir Lenin-as well as his theory of underconsumption. His early work also questioned the classical theory of rent and predicted the Neoclassical "marginal productivity" theory of distribution. Other notable works by this author include: "Evolution of Modern Capitalism" (1894), "Problem of the Unemployed" (1896), and "John Ruskin: Social Reformer" (1898). Many vintage books such as this are becoming increasingly scarce and expensive. It is with this in mind that we are republishing this volume now in an affordable, modern, high-quality edition complete with the original text and artwork.
Author: John Atkinson Hobson
Publisher:
ISBN: 9780203383742
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
The Physiology of Industry is a remarkable work which set out to challenge contemporary theory surrounding the economics of labour, supply and demand. First published in 1889, Hobson's first book outlines some of the key areas of his theory of underconsumption. The precise contribution of Mummery, who died in a mountaineering accident in 1895, is unclear, although Hobson did state that it was heated debates with the businessman that gave him faith in these theories. The chapters analyse the nature of production, the relationship between wealth and consumption, the influence of the supply of gold on the economy and the law of supply and demand. This is an interesting work which marked a shift in economic thought, and will be of value to researchers and student of industrial theory and modern economic history.
Author: Albert Frederick Mummery
Publisher:
ISBN: 9780415083041
Category : Economics
Languages : en
Pages : 215
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Book Description
Author: John Atkinson Hobson
Publisher:
ISBN: 9780415083041
Category : Economics
Languages : en
Pages : 215
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Book Description
Author: Albert Frederick Mummery
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 215
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Book Description
Author: Albert Frederick Mummery
Publisher:
ISBN: 9781436634762
Category :
Languages : en
Pages : 236
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Book Description
This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.
Author: Albert Frederick Mummery
Publisher: Theclassics.Us
ISBN: 9781230217550
Category :
Languages : en
Pages : 60
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Book Description
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1889 edition. Excerpt: ... and by excluding what is necessary, restore the term to its most convenient economic use. Since both convenience of economic treatment and common usage exclude labour-power from capital, it is clear that it must be excluded. Since commodities consumed by producers only affect production indirectly, through their effect on labour-power, they must also be excluded. The case of land and other natural agents is rather different. It should be remarked that none of the economic definitions of capital have succeeded in excluding the value of land. For not only is land in large measure 'destined' to assist the production of wealth, but its value is, in fact, 'the result of past labour.' Not only does this last statement apply to the value put into land by landlords' or tenants' improvements, but also to the value created by the growth and activity of the community which forms what is now commonly known as the 'unearned increment.' Thus the whole value of land, alike that for which economic rent is paid and that which gets the average return of profit on capital invested, is the result of the work either of individuals or of the whole community, and may be said to be 'saved' or stored to assist future production. But while no definition can of right banish land value from capital, expediency may and does demand that it be treated separately, at least so far as that value not due to recent improvements is concerned. In so far as land and other natural agents stand distinct from the body of capital, and it is found convenient to treat them separately, in economic theory as in the actual calculations of commerce, we shall exclude them from our meaning B of capital. We are now in a position to sum up the kinds of wealth which it is convenient to...
Author: A. F. Mummery
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 215
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Book Description
Author: A. F. Mummery
Publisher: Forgotten Books
ISBN: 9780428187767
Category : Business & Economics
Languages : en
Pages : 234
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Book Description
Excerpt from The Physiology of Industry: Being an Exposure of Certain Fallacies in Existing Theories of Economics The Object of production is to provide utilities and conveniences' for consumers, and the process is a continuous one from the first handling of the raw material to the moment when it is finally consumed as a utility or a convenience. The only use of Capital being to aid the production of these utilities and conveniences, the total used will necessarily vary with the total of utilities and conveniences daily or weekly consumed. Now saving, while it increases the existing aggregate of Capital, simultaneously reduces the quantity of utilities and conveniences consumed; any undue exercise of this habit must, therefore, cause an accumulation of Capital in excess of that which is required for use, and this excess will exist in the form of general over-production. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
