B. Say's. But
economic theories none the less have their logical succession and
their series in the mind: it is this order which we flatter
ourselves that we have discovered, and which will make this work
at once a philosophy and a history.
% 2.--Machinery's contradiction.--Origin of capital and wages.
From the very fact that machinery diminishes the workman's toil,
it abridges and diminishes labor, the supply of which thus grows
greater from day to day and the demand less. Little by little,
it is true, the reduction in prices causing an increase in
consumption, the proportion is restored and the laborer set at
work again: but as industrial improvements steadily succeed each
other and continually tend to substitute mechanical operations
for the labor of man, it follows that there is a constant
tendency to cut off a portion of the service and consequently to
eliminate laborers from production. Now, it is with the economic
order as with the spiritual order: outside of the church there is
no salvation; outside of labor there is no subsistence.
Pages:
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305