Distributive Justice: The Right and Wrong of Our Present Distribution of WealthRyan, John A. (John Augustine)
PhilosophyChristian
Distributive Justice: The Right and Wrong of Our Present Distribution of Wealth
Ryan, John A. (John Augustine)
Economic history; Income distribution -- Moral and ethical aspects; Wealth -- Religious aspects
As intimated above, the notion that if the labourer receives
compensation according to his product he receives just compensation,
is one of the most prevalent and fundamental concepts in the
controversy about wage justice. Hence we find it in certain theories
which reject the doctrine of the right to the whole product. According
to these theories, not only the labourer but all the agents of
production should be rewarded in proportion to their productive
contributions. Instead of the whole product, the worker ought to
receive that portion of it which corresponds to his specific
productivity, that is, that portion of the product which represents
his productive influence as compared with the productive efficacy of
land, capital, and business energy.
_Clark's Theory of Specific Productivity_
One of the theories referred to in the last paragraph is that which
has been elaborated in great detail and with great ingenuity by
Professor John Bates Clark. As stated by himself in the opening
sentence of the preface to his "Distribution of Wealth," its main
tenet is, "that the distribution of the income of society is
controlled by a natural law, and that this law, if it worked without
friction, would give to every agent of production the amount of wealth
which that agent creates." In a régime of perfect competition,
therefore, the labourer would get, not the whole product of industry,
but the whole product due to his own exertions.
It is impossible, and indeed unnecessary, to enter upon an extended
examination of this contention. It will be sufficient to state in a
summary way the most obvious and cogent objections. Without making any
examination of Professor Clark's theory, we should expect to find it
unconvincing. For the productive process is by analogy an organic
process, in which every factor requires the co-operation of every
other factor in order to turn out even the smallest portion of the
product. Each factor is in its own order the cause of the whole
product. Consequently no physical portion of the product can be set
aside and designated as wholly due to any one factor. Can we not,
however, distinguish the _proportionate productive influence_ exerted
by each factor, and the proportion of the product which represents
such productive influence? This is the question to which Professor
Clark addresses himself with much ingenuity, subtlety, and labour, and
to which he returns an affirmative answer.[235]
Public-domain text, read in full here on John Shaqi.
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