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
Now, before the transfers are completed something happens that calls
for a different movement. Let us say that only three units of labor
have as yet gone from _A_ to _C_ instead of five, leaving forty-seven
at _A_; only two have gone from _B_, leaving thirty-eight; and only
five have gone from _D_, leaving ninety-five at that point. Eighty
would then be at _C_, and the static adjustment would not have been
perfectly attained. It is at this point that a new change of
conditions occurs, which calls for fifty-two units at _A_, forty-one
at _B_, sixty-five at _C_, and a hundred and two at _D_. _C_ now
contributes something to _A_ and _B_, but it gives more to _D_; and
the fluctuations go on forever. Particular men may, more often than
otherwise, stay in their places, since the incoming stream of new
labor, by going where it is needed, may suffice to make the
adjustments, in so far as they are gradually made; but labor, in the
sense of the quantum of energy embodied in a succession of generations
of men, is never at rest. It is a veritable Wandering Jew for
restlessness and in a perpetual quest of places where it can remain.
Moreover, there are to be taken into account changes so sudden that
they thrust particular workers from one group to another.
_A Perpetual Effort to conform to a Standard Shape which is itself
Changing._--We think, then, of society as striving toward an endless
series of ideal shapes, never reaching any one of them and never
holding for any length of time any one actual shape. One movement is
not completed before another begins, and at no one time is the labor
apportioned among the groups exactly in the proportions that static
law calls for. Men are vitally interested to know what they have to
hope for or to fear from this perpetual necessity that some labor
should move from point to point.
_Questions concerning the Effects of these Transformations._--These
changes of shape involve costs as well as benefits. The gains are
permanent and the costs are transient, but are not for that reason
unimportant. They may fall on persons who do not get the full measure
of the offsetting gains. What we wish to know about any economic
change is how it will affect humanity, and especially working
humanity. Will it make laboring men better off or worse off? If it
benefits them in the end, will it impose on them an immediate
hardship? Will it even make certain ones pay heavily for a gain that
is shared by all classes? Are there some who are thus the especial
martyrs of progress, suffering for the general good?
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