Descriptive Economics; An Introduction to Economic Science

Descriptive Economics; An Introduction to Economic Science

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1893 edition. Excerpt:" In many instances the members of the crafts come from the rural districts where the feudal system and the holding of land by tenure still exists. In the city they find that the citizens own the land and are freeholders. The incentive to rise in the economic scale, is strong, therefore. Differentiation among Crafts.--After the craftsmen have obtained the rights of citizenship equally with the old burgher class, and manufacturing has become a stated employment, there begins a differentiation of employment among the craftsmen. Prior to this there is little distinction between employer and employee. The master and the journeyman work side by side. Each man owns his tools and toils with his hands. There is no collision of interest. The journeyman may aspire to the hand of the master's daughter. But now capital becomes more important. It becomes impossible for every journeyman to set up in business for himself, as formerly. The body of craftsmen has become so large that few of them can look forward to a time when they will be master craftsmen. Instead of the raw material being brought to the artisan to be worked up to order and made into such manufactured commodities as the owner of the material desires, it begins to be the practice for the artisan to buy his own materials and make up a supply of goods for future demand. He becomes a manufacturer. As a result of these things there comes into existence among the craftsmen "a working class," as distinguished from the employers, and with the introduction of. the working class comes the collision between employer and employee, and the perplexing economic theme known as "the labor question." Modern Glass Divisions.--In modern times possession or non-possession of more

Product details

  • Paperback | 78 pages
  • 189 x 246 x 4mm | 154g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236573293
  • 9781236573292