Labour policy—false and true : $b A study in economic history and industrial economicsMacassey, Lynden Livingston
History
Labour policy—false and true : $b A study in economic history and industrial economics
Macassey, Lynden Livingston
Industrial policy -- Great Britain; Labor economics -- Great Britain; Labour Party (Great Britain)
(ii) The realisation of the product—industrial work is nowadays useless
unless and until the product is marketed. The amount realized depends
mainly on the public demand for the product, and invariably the cheaper
the selling price, the greater is the demand.
(iii) The division of the realized surplus amongst those associated in
production.
Further, it will also be observed that industry necessarily involves six
fundamental human relationships, the importance of which has been much
neglected in the past.
1. _The Industrial_, i.e. between the classes of persons associated
together in industry:
(_a_) Capital and the Administrative Staff.
(_b_) Capital and the Manual Workers.
(_c_) The Administrative Staff and the Manual Workers.
(_d_) Manual Workers between themselves.
2. _The Social_—between industry and the community.
3. _The National_—between industry and the nation. These relationships
are of paramount importance. The individual is no longer the unit—in
things industrial, it is the group of those associated in production—in
things social, it is the community—in things national, the whole people.
Each small group is included in, and directly reacts on, a larger group.
Labour, in its _Official Policy for Reconstruction after the War_, truly
says: “We are members one of another. No man liveth to himself alone. If
any, even the humblest, is made to suffer, the whole community and every
one of us, whether or not we recognize the fact, is thereby injured.” How
frequently Labour forgets its own irrefutable proposition! The problem
then is so to organize the processes of industry and harmonize the human
relationships involved in it, that to the utmost practicable extent
productive efficiency will be secured, the human qualities of all those
associated in industry recognized, their capacities fully developed and
utilized, their aspirations satisfied, and their respective services
co-ordinated to promote the benefit and happiness of all of them, the
good of the community, and the welfare of the nation.
Capital and the Administrative Staff
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