Economics Volume II: Modern Economic ProblemsFetter, Frank A. (Frank Albert)
General
Economics Volume II: Modern Economic Problems
Fetter, Frank A. (Frank Albert)
Economics
§ 2. #Workers in the Middle Ages#. Serfdom for rural labor and many
limitations on the workman's freedom in the towns were the prevailing
conditions in medieval Europe. Serfdom was both a political and an
economic relation. The self was bound to the soil; the lord could
command and control him; but the serf's obligations were pretty
well defined. He had to give services, but in return for them he got
something definite in the form of protection and the use of land.
Between the lord and the serf there continued an implied contract,
which passed by inheritance from father to son, in the case both of
the master and of the serf. In the towns conditions were better for
the free master class of the artisans who owned their tools and often
a little shop where they both made and sold their products. But the
mass of the workers, shut out from special privileges, bore a heavy
burden. There were strict rules of apprenticeship; gild regulations
forbidding the free choice of a trade or a residence; laws against
migration into the town; settlement laws making it impossible for
poor men to remove from one place to another; arbitrary regulation of
wages, either by the gilds in the towns or by national councils and
parliaments, forbidding the workmen to take the competitive wages
that economic conditions would have forced the employers to pay;
combination laws forbidding laborers to combine in their own interest.
These conditions prevailed even in the periods and in the countries
often referred to as particularly favorable for the working classes
(such as England in the fifteenth century).
§ 3. #Growth of the wage system#. Throughout the Middle Ages these
conditions were gradually changing, and the changes were hastened
by the discovery of America, by the social unrest accompanying the
Reformation, and by other forces. Servile dues in the rural districts
were, by the sixteenth century, commuted for cash payments in England
and had begun to disappear in the other Western countries of Europe.
The agricultural work was done partly by the peasant landowners,
partly by yeomen farmers on their own land, and partly by laborers
hired by landowners or by tenant farmers (enterprisers with some
capital for equipment). The growth of commerce and of the mechanical
trades in the towns required larger ships, factories, and shops,
and increasing investments. This required in the towns an increasing
proportion of hired laborers having little or no capital invested
in industry, and living on wages. This change went on more and more
rapidly with the introduction of machinery in the eighteenth and
nineteenth centuries, and "the wage system" grew steadily to be a more
and more important part of the whole economic structure.[1]
Public-domain text, read in full here on John Shaqi.
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