The Struggle for Existence Volume 3

The Struggle for Existence Volume 3

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1904 edition. Excerpt: ...all other social forms and that the whole life of man now waits for social and political adjustment to new economic conditions. More than this: It is insisted that, while associated effort on the part of all can best provide for the needs of each, the self-interest of the individual, when each is acting alone and for himself, results in the destruction of public spirit. The "good business man" is likely either to be neglectful of his public duties or to attempt to take advantage of the public needs for the sake of his private profit. It would not be so under Socialism. When no one can serve himself except at the same time he serves society, nor serve society except he serves himself, then private interest and public spirit will join hands as mutually helpful economic forces. The more recent defenders of capitalism, speaking in the name of the science of economics, are siding with the Socialists in their contention that individual competition, the result of individual self-interest, cannot even exist as an active factor in the face of great combinations.14 Prof. Hadley says in the preface of his "Economics" "The size of the units of capital is so large that free competition often becomes impossible, and theories of economics which are based upon the existence of such competition prove blind guides in dealing with modern price movements." 12. Walker: Political Economy, pp. 259-287. 13. Walker: Political Economy, p. 96. 399. Economic Justice.--7. The capitalist assumes that under competition all men and women will be able to secure what is just, and so provide for the highest welfare for each to which he can be justly entitled.15 14. "You cannot escape, try whatever you can, from the influence of competition, any...
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Product details

  • Paperback | 206 pages
  • 189 x 246 x 11mm | 376g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236617827
  • 9781236617828