Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
In this way, the working classes hold in their own hands one of the
principal elements which determine the rate of wages; and it is wrong to
speak of an "iron law" which, under the control of supply and demand,
always reduces the average wages down to the means of subsistence.[163-1]
For the moment, indeed, not only individual workmen, but the whole
working class is master of the supply of its commodity only to a very
small extent; since, as a rule, the care for existence compels it to
carry, and that without interruption, its whole labor-power to market.
But it is true that the future supply depends on its own will; since,
with an increase or decrease in the size of the families of workingmen,
that supply increases or diminishes. If, therefore, by a favorable
combination of circumstances, wages have risen above the height of
urgent necessity, there are two ways open to the working class to take
advantage of that condition of things. The workman either raises his
standard of living, which means not only that his necessary wants are
better satisfied, his decencies increased and refined, but also and
chiefly, that the intellectual want of a good prospect in the future,
which so particularly distinguishes the honorable artisan from the
proletarian is taken into consideration. And it is just here that a
permanent workingmen's union, which should govern the whole class, might
exert the greatest influence. Their improved economic state can be
maintained only on condition that the laboring class shall create
families no larger than they hope to be able to support consistently
with their new wants.[163-2]
Or, the laboring class continues to live on as before, from hand to
mouth, and employ their increased resources to gratify their sexual
appetite earlier and longer than before, thus soon leading to an
increase of population.
The English took the former course in the second quarter of the last
century, when English national economy received a powerful impetus, and
the large demand for labor rapidly enhanced the rate of wages. The
Scotch did in like manner a generation later. The second alternative was
taken by the Irish, when the simultaneous spread of the cultivation of
the potato[163-3] and the union with England, at the beginning of the
nineteenth century, gave an extraordinary extension to their resources
of food. While the population of Great Britain, between 1720 and 1821,
did little more than double, the population of Ireland increased from
2,000,000 to nearly 7,000,000 between 1731 and 1821. No wonder,
therefore, that the average wages of labor was twenty to twenty-four
pence per day in the former, and in the latter only five pence.
(_MCCulloch._)[163-4]
Public-domain text, read in full here on John Shaqi.
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