Profit And Wages PDF Download

Excerpt from Profit and Wages: A Study in the Distribution of Income Though its abstract and intricate character has made it an esoteric discipline, the theory of distribution demands the consideration of every serious student of affairs. No fundamental conception of our most important economic problems is attainable except in relation to the factors governing the distribution of income. Unless resigned to superficial views, we cannot, therefore, maintain a passive attitude toward the unsettled state of economic doctrine. In the face of continued failure, neither discouragement nor scepticism should halt the struggle for a definite and accepted theory of distribution. May the publication of this book contribute something to the will to master the difficulties of the problem. The author is under obligation for permission to use parts of an article published in the Quarterly Journal of Economics for February, 1912. He is also under great obligation to his wife for criticism and assistance in revision and proof-reading, and to his friend, Mr. Edward Porritt for helpful counsel. 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.