Classes And Masses; Or, Wealth, Wages, And Welfare in the United Kingdom;

Cover Classes And Masses; Or, Wealth, Wages, And Welfare in the United Kingdom;
Classes And Masses; Or, Wealth, Wages, And Welfare in the United Kingdom;
Mallock William Hurrell
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I ask " How far is it true ? " instead of asking whether it is true or false, because within certain limits it is true beyond all doubt, and is only false when these limits are passed. Let us first consider a set of circum- stances under which it would be entirely true.
We can do this more conveniently by referring again to Fig. 3, and again presenting to our imagination a community of three persons, James, George, and Joseph, each of whom produces enough for three persons of one of the prime n
...ecessaries of life, each keeping a third of what he himself produces and taking a third of the products of the other two. Now, what each of these men takes of the products of the other two has a double aspect. It is at once prices and wages. It is prices as seen by the 84 WAGES AND THE PRODUCTS OF WORK man who parts with it ; it is wages as seen by the man who takes it. Thus, when James, as shown in Fig. 4, gives one-third of his bread- stuffs to George and receives a coat in return for them, the coat is the price which is paid for the bread by George, and it is the wages which James receives for his labour in produc- ing the bread.

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