The Theory of Wages And Its Application to the Eight Hours Question And Other Labour Problems;
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CHAPTEE IV A Criticism of the Economic Doctrine that " Bent does not enter into the Expenses of Production." § 22. Professor Alfred Marshall in his speech at the meeting which inaugurated the British Economic Association urged that those who were to control its journal should " insist that all who wrote in criticism of others should take the writings of those others in the best possible sense." The chivalrous feeling towards the work of others which prompted this advice animates the first volum...e of the great work which the Cambridge professor has recently added to English economic writings. The broad tolerance and appreciation of other thought and research in economics which we find in it give its pages a great charm, but this charm has nevertheless, we some- times feel, the "defect of its quality." Doctrines which have been authoritatively propounded and impressed on the minds of at least one generation E 50 THE THEORY OF WAGES chap.
of economic students are referred to but slightly and (as it were) by the way, when the author has found them inconsistent with his own more matured theory ; indirectly indeed one discerns that they are discountenanced by him, but the discovery that our last master of the science is not on im- portant points at one with some of his great pre- decessors of a couple of decades ago, is rather concealed than emphasised by himself.
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To quickly assess the difficulty of the text, read a short excerpt:
CHAPTEE IV A Criticism of the Economic Doctrine that " Bent does not enter into the Expenses of Production." § 22. Professor Alfred Marshall in his speech at the meeting which inaugurated the British Economic Association urged that those who were to control its journal should " insist that all who wrote in criticism of others should take the writings of those others in the best possible sense." The chivalrous feeling towards the work of others which prompted this advice animates the first volum...e of the great work which the Cambridge professor has recently added to English economic writings. The broad tolerance and appreciation of other thought and research in economics which we find in it give its pages a great charm, but this charm has nevertheless, we some- times feel, the "defect of its quality." Doctrines which have been authoritatively propounded and impressed on the minds of at least one generation E 50 THE THEORY OF WAGES chap.
of economic students are referred to but slightly and (as it were) by the way, when the author has found them inconsistent with his own more matured theory ; indirectly indeed one discerns that they are discountenanced by him, but the discovery that our last master of the science is not on im- portant points at one with some of his great pre- decessors of a couple of decades ago, is rather concealed than emphasised by himself.
What to read after The Theory of Wages And Its Application to the Eight Hours Question And Other Labour Problems;?
You can find similar books in the "Read Also" column, or choose other free books by Herbert Metford Thompson to read onlineMoreLess
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