The Economics of Wages and Labour |
Common terms and phrases
A. L. BOWLEY accumulations Adam Smith afford amount appears argued Böhm-Bawerk capacity capital cause Chapter commodity competition consequence considerable cost of living definite demand Demy 8vo depends determined difficulties earnings economic economists efficiency effort employed employer employment enable equal evident exists expenses of production export fact factory fund further greater Hartley Withers high prices higher wages important increase Industrial Revolution industry International Labour Office labour large numbers large-scale production margin means ment Mercantilist Mirabeau modern movement net output obtain organization output paid period physical necessary position possible problem profits quantity question rate of interest rate of wages real wages realize recognized regard result rise saving Sheffield outrages SIDNEY WEBB Steuart subsistence supply supply and demand Syndicalist theory of wages things tion to-day Trade Union unemployed unemployment Unionists wage rate wealth whole women women-workers workers
Popular passages
Page 169 - And whereas conditions of labour exist involving such injustice, hardship and privation to large numbers of people as to produce unrest so great that the peace and harmony of the world are imperilled ; and an improvement of those conditions is urgently required...
Page 148 - trade dispute' means any dispute between employers and workmen, or between workmen and workmen, which is connected with the employment or non-employment, or the terms of employment, or with the conditions of labour of any person...
Page 169 - Whereas also the failure of any nation to adopt humane conditions of labour is an obstacle in the way of other nations which desire to improve the conditions in their own countries...
Page 148 - An action against a trade union, whether of workmen or masters, or against any members or officials thereof on behalf of themselves and all other members of the trade union in respect of any tortious act alleged to have been committed by or on behalf of the trade union, shall not be entertained by any court.
Page 148 - An act done by a person in contemplation or furtherance of a trade dispute shall not be actionable on the ground only that it induces some other person to break a contract of employment or that it is an interference with the trade, business, or employment of some other person, or with the right of some other person to dispose of his capital or his labour as he wills.
Page 42 - one which has had a fairly long life, and fair success, which is managed with normal ability, and which has normal access to the economies, external and internal which belong to that aggretate volume of production; account being taken of the class of goods produced, the conditions of marketing them and the economic environment generally.
Page 148 - Union is a party on the ground only that such act induces some other person to break a contract of employment, or that it is in interference with the trade, business or employment of some other person or with the right of some other person to dispose of his capital or of his labour as he wills.
Page 89 - In the long run the workman may be as necessary to his master as his master is to him ; but the necessity is not so immediate.
Page 24 - Economics is a study of man's actions in the ordinary business of life: it inquires how he gets his income and how he uses it. ... Thus it is on the one hand a study of wealth, and on the other, and more important side, a part of the study of man.
Page 24 - The principal object of this science is to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide every thing necessary for supplying the wants of the society...