The Economics of War With Some Arguments for Better Pay And Security for Those

Cover The Economics of War With Some Arguments for Better Pay And Security for Those
The Economics of War With Some Arguments for Better Pay And Security for Those
Pseud Economist
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As regards cause : raw material is wanting ; markets fail ; customers economise ; in spite of precautions to establish finance and currency on a firm basis, some insecurity is felt. As regards remedy : both by those who understand the ultimate effects of assured and well -distributed demand for service, and by those who see only the employment given by the first step itself, the commencement of public building is advocated, for the employment it will afford, at the rate- payers' and taxpayers' ...expense ; or it is advocated that employers should keep on all possible hands — at reduced wages, if necessary. And, indeed, although no doubt differing in respect of the usefulness of the work thus achieved, all these schemes — the Local Government Board Housing Scheme at £4, 000, 000, Municipal Building Schemes, " Business as Usual " — are sound, if expensive, and justifiable (as long as they do not offer work so obviously useless as to be farcical and degrading). It is here that a new standpoint sheds light, and points to one particular vivifying direction for service, of unique importance.

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