Knowledge is power : $b A view of the productive forces of modern society and the results of labor, capital and skill.Knight, Charles
Philosophy
Knowledge is power : $b A view of the productive forces of modern society and the results of labor, capital and skill.
Knight, Charles
Industrial arts; Industries
All such reasoning is false in principle, and unsupported by experience.
There is no such thing, nor, if machines went on improving for five
hundred years at the rate they have done for the last century, could
there be any such thing, as a limit to the wants of the consumers. The
great mass of facts which we have brought together in this book must
have shown, that the cheaper an article of necessity becomes, the more
of it is used; that when the most pressing wants are supplied, and
supplied amply by cheapness, the consumer has money to lay out upon new
wants; that when these new wants are supplied cheaply, he goes on again
and again to other new wants; that there are no limits, in fact, to his
wants as long as he has any capital to satisfy them. Bear in mind this;
that the first great object of every invention and every improvement is
to confer a benefit upon the consumers,--to make the commodity cheap and
plentiful. The working man stands in a double character; he is both a
producer and a consumer. But we will be bold to say that the question of
cheapness of production is a much more important question to be decided
in his favour as a consumer, than the question of dearness of production
to be decided in his favour as a producer. The truth is, every man
tries to get as much as he can for his own labour, and to pay as little
as he can for the labour of others. If a mechanic, succeeding in
stopping the machine used in his own trade, by any strange deviation
from the natural course of things were to get higher wages for a time,
he himself would be the most injured by the extension of the principle.
When he found his loaf cost him two shillings instead of sixpence; when
he was obliged to go to the river with his bucket for his supply of
water; when his coals cost a guinea a bushel instead of eighteen pence;
when he was told by the hosier that his worsted stockings were advanced
from a shilling a pair to five shillings; when, in fact, the price of
every article that he uses should be doubled, trebled, and, in nine
cases out of ten, put beyond the possibility of attainment;--what, we
ask, would be the use to him of his advance in wages? Let us never
forget that it is not for the employment of labourers, but for the
benefit of consumers, that labour is employed at all. The steam-engines
are not working in the coal-pits of Northumberland, and the ships
sailing from the Tyne to the Thames, to give employment to colliers and
to sailors, but to make coals cheap in London. If the people of London
could have the coals without the steam-engines and the ships, it would
be better for them, and better for the rest of the world. If they could
get coals for nothing, they would have more produce to exchange for
money to spend upon other things; and the comforts, therefore, of every
one of us would be increased.
Public-domain text, read in full here on John Shaqi.
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