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Inhaltsangabe
Excerpt from An Alphabet of Economics
The following Alphabet grew out of an attempt to compile a glossary of economic and political terms for the use of readers of the New Age in general and of students of the system of National Guilds in particular. It developed, however, into a more or less systematic attempt to define economics in terms of the wage system, and, at the same time, to suggest an alternative to it. Though fragmentary, therefore, in appearance, it will be found to contain a consistent criticism of current. Economic theory, a consistent exposition, however inadequate, of the eco nomic theory held by the new school of National Guildsmen, and consistent Sugges tions, somewhat shadowy, it is true, towards a social reconstruction.
It has long been realised that modern industry depends for its main motive upon the desire for gain and hence that profit cering, or production for the sake of profit, is an accurate description of it. It has long also been realised that in thus permitting production to be carried on from an irrele vant motive we were admitting an ethical contradiction into the practices of the State. At the same time, since economists, by means of their analysis of the factors of pro duction, found themselves unable to detect any intellectual defect in the system, the ethical defect was assumed to be either a passing phenomenon, to be remedied by education, or inherent in human nature. Nothing, they concluded, was wrong in the theory of economics hence nothing could be wrong in the practice unless it were due to factors outside economic control. Economic theory, in short, was assumed to be able to leave the court, where it had been charged with the crimes of modern industry, without a stain upon its character.
To this, however, it was not possible that everybody always should agree; and, in fact, as the history of Socialist criticism shows, there have always been protestants and dissentients, who maintain that what is right in theory cannot be wrong in practice, and that what is wrong in practice must needs, therefore, be wrong in theory. With out attempting in this place to resume the course of such a criticism or to review the successive hypotheses upon which such criticisms have rested themselves, it may be said that the common sum of them is to be found and is assumed in the defini tions herein contained. The issue turns, it will be seen, upon the original analysis of the factors of production, from which, if we accept the current conception, all the con sequences of modern industry flow, and which, therefore, must be re-examined if we are to build our industry upon a new foundation.
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.
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Excerpt from An Alphabet of Economics
The following Alphabet grew out of an attempt to compile a glossary of economic and political terms for the use of readers of the New Age in general and of students of the system of National Guilds in particular. It developed, however, into a more or less systematic attempt to define economics in terms of the wage system, and, at the same time, to suggest an alternative to it. Though fragmentary, therefore, in appearance, it will be found to contain a consistent criticism of current. Economic theory, a consistent exposition, however inadequate, of the eco nomic theory held by the new school of National Guildsmen, and consistent Sugges tions, somewhat shadowy, it is true, towards a social reconstruction.
It has long been realised that modern industry depends for its main motive upon the desire for gain and hence that profit cering, or production for the sake of profit, is an accurate description of it. It has long also been realised that in thus permitting production to be carried on from an irrele vant motive we were admitting an ethical contradiction into the practices of the State. At the same time, since economists, by means of their analysis of the factors of pro duction, found themselves unable to detect any intellectual defect in the system, the ethical defect was assumed to be either a passing phenomenon, to be remedied by education, or inherent in human nature. Nothing, they concluded, was wrong in the theory of economics hence nothing could be wrong in the practice unless it were due to factors outside economic control. Economic theory, in short, was assumed to be able to leave the court, where it had been charged with the crimes of modern industry, without a stain upon its character.
To this, however, it was not possible that everybody always should agree; and, in fact, as the history of Socialist criticism shows, there have always been protestants and dissentients, who maintain that what is right in theory cannot be wrong in practice, and that what is wrong in practice must needs, therefore, be wrong in theory. With out attempting in this place to resume the course of such a criticism or to review the successive hypotheses upon which such criticisms have rested themselves, it may be said that the common sum of them is to be found and is assumed in the defini tions herein contained. The issue turns, it will be seen, upon the original analysis of the factors of production, from which, if we accept the current conception, all the con sequences of modern industry flow, and which, therefore, must be re-examined if we are to build our industry upon a new foundation.
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.
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- VerlagForgotten Books
- Erscheinungsdatum2019
- ISBN 10 1330265904
- ISBN 13 9781330265901
- EinbandTapa blanda
- SpracheEnglisch
- Anzahl der Seiten190
- Kontakt zum HerstellerNicht verfügbar
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Paperback. Zustand: New. Print on Demand. This book delves into a critical examination of conventional economic theories, particularly those surrounding production, and offers an alternative perspective rooted in the principles of the National Guilds movement. The author challenges the traditional classification of land, capital, and labour as the sole factors of production, arguing that labour, embodied by labourers, is the true producer and user of tools (land and capital). Emerging from the critiques of capitalism and socialist thought, the book posits a revolutionary concept: the elevation of labourers as the central figures in the economic landscape. It envisions a future where tools are subordinate to their users, and capital serves the interests of labour. The author lays out a framework for societal reconstruction, advocating for a system of National Guilds that empowers workers and prioritizes ethical considerations in industrial practices. By redefining economic terms and exposing the inherent flaws in existing systems, this book provides a thought-provoking analysis of the dynamics between capital and labour. It sheds light on the historical and philosophical underpinnings of economic structures and underscores the need for a more equitable and humane approach to production and distribution. The book's insights challenge readers to re-evaluate their understanding of economic principles and consider the transformative potential of prioritizing the well-being and agency of labourers in shaping a just and prosperous society. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781330265901_0
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