Encyclopaedia Britannica, 11th Edition, "Echinoderma" to "Edward, prince of Wales": Volume 8, Slice 10Various
Science
Encyclopaedia Britannica, 11th Edition, "Echinoderma" to "Edward, prince of Wales": Volume 8, Slice 10
Various
Encyclopedias and dictionaries
Let us see how this will work out. Suppose we have selected one of the
numerous subsidiary problems suggested by the general inquiry, and
obtained such full and complete information about one particular
industry that we can tabulate the wages of the workers for a long series
of years. We may do the same for other industries, some of them coming
under the Statute of Apprenticeship, others not. If all the industries
belong to one economic area over which, so far as we can tell from
general statistics of wages and prices, and other information, fairly
homogeneous conditions prevailed, we may be able to reach some useful
conclusions as to the operation of the act. But it would be absurd to
suppose that we could reach those conclusions by simple reference to the
trades themselves. We cannot assume that the fluctuations in wages were
due to the action or inaction of magistrates without the most careful
examination of the other influences affecting the trades. In economic
affairs the argument _post hoc propter hoc_ never leads to the whole
truth, and is frequently quite misleading. We cannot suppose that the
policy of the Merchant Adventurers' Company had nothing to do with the
woollen industry; that the export trade in woollen cloth was quite
independent of the foreign exchanges and international trade relations
in those times; that the effect on wages of the state of the currency,
the influx of new silver, the character of the harvests, and many other
influences can be conveniently ignored. In studying, therefore, such an
apparently simple question as the effect of an act of parliament on
wages in a small group of trades we want a general theory which we can
use as a kind of index of the factors we have to consider.
Difficulties due to want of evidence.
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