A history of economic doctrines : $b from the time of the physiocrats to the present dayGide, Charles
History
A history of economic doctrines : $b from the time of the physiocrats to the present day
Gide, Charles
Economics -- History
The sufferings of workmen, whence do they spring, if not from the fact
that their numbers are in excess of the demand for their labour, thus
forcing them to be content with the first wage that is offered them, even
though it be opposed to their own interests and the interest of the whole
class?[407] But “whence the necessity of submitting to these onerous
conditions and of tolerating a burden that is ever becoming heavier under
pain of hunger and death?” The explanation lies in the separation of
property and toil.[408] Formerly the workman, an independent artisan,
could gauge his revenue and limit his family accordingly, for population
is always determined by revenue.[409] Robbed of his belongings, all his
revenue is to-day got from the capitalist who employs him. Ignorant
of the future demand for his products, as well as of the quantity of
labour that may be necessary, he has no longer any excuse for exercising
forethought, and accordingly he discards it. Population grows or
diminishes in accordance with the will of the capitalist. “Let there
be an increased demand for labour and a sufficient wage offered it and
workmen will be born. If the demand fails, the workmen will perish.”[410]
This theory of population and wages is really Smith’s, who tried to prove
that men, like commodities, extended or limited their numbers according
to the needs of production. Sismondi, rather than accept it as a proof of
the harmonious adaptation of demand to supply, emphasises the lamentable
effects of the separation of wealth from labour.[411] Smith and Sismondi
both fell into the error of Malthus and Ricardo, who imagined that high
wages of necessity increased population. To-day facts seem to show that
a higher standard of well-being, on the contrary, tends to limit it,
and the proletarians, who constitute the majority of the nation, can no
longer be treated as mere tools in the hands of the capitalists, to be
taken up or thrown aside according to fancy or interest.
Public-domain text, read in full here on John Shaqi.
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