Essentials of Economic Theory: As Applied to Modern Problems of Industry and Public PolicyClark, John Bates
General
Essentials of Economic Theory: As Applied to Modern Problems of Industry and Public Policy
Clark, John Bates
Economics
_The Efficiency of Static Forces in Dynamic Societies._--The static
state which has thus far been kept in view is a hypothetical one, for
there is no actual society which is not changing its form and the
character of its activities. Five organic changes, which we shall soon
study, are going on in every economic society; and yet the striking
fact is that, in spite of this, a civilized society usually has, at
each particular date, a shape that conforms in some degree to the one
which, under the conditions existing at that date, the static forces
acting alone would give to it. It is even true that, as long as
competition is free, the most active societies conform most closely to
their static models. If we could check the five radical changes that
are going on in a society that is very full of energy,--if, as it
were, we could stop such an organism midway in its career of rapid
growth and let it lapse into a stationary condition,--the shape that
it would take would be not radically unlike the one which it had when
we interposed the check on its progress. Taking on the theoretically
static form would not strikingly alter its actual shape. The actual
form of a highly dynamic society hovers relatively near to its static
model though it never conforms to it. In the case of sluggish
societies this would not be true; for if in one of them we stopped the
forces of growth and waited long enough to let the static influences
produce their full effects, the shape to which they would bring the
organism would be very different from the one which it actually had
when its slow progress was brought to a stop. Most efficient in the
most changeful societies are forces which, if they were acting by
themselves alone, would produce a changeless state. The reasons for
this will later appear.
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