The basic facts of economics : $b A common-sense primer for advanced studentsPost, Louis F. (Louis Freeland)
General
The basic facts of economics : $b A common-sense primer for advanced students
Post, Louis F. (Louis Freeland)
Economics
Labor comprises, too, the serviceable operations of partnerships as
such; also of corporations, of chambers of commerce, of labor unions;
the services of schools and churches and theaters and social clubs;
of political parties and religious societies--every kind of corporate
service, in short, including the service of governments--to the extent
that such service contributes, in addition to the contributions of
its constituents in their individual capacities, to the production of
Artificial Objects.
And Production--let the reference to this fact be not
overlooked--comprises Delivery throughout the whole Productive Process
to and including its termination in delivery to ultimate consumers.
Railway workers and sailors and storekeepers and household servants
and waiters at hotels and restaurants and all their Economic associates
from employer to “menial,” are producers as truly as are farmers,
mechanics or manufacturers.
Human services of the corporate type, as well as those of the
individual distinctively, are too numerous and too intricately woven
together to permit of detailed consideration here. It is enough to note
that far and away as some of them may at a glance seem to be from the
Productive Process in Economics, they will be found upon intelligent
inquiry--except as they may be more or less perverted in operation--to
be in the Economic category of Labor. That is to say, they are human
factors in the Production of Artificial Objects from and upon Natural
Resources.
One kind of corporate service, a comprehensive kind, should perhaps
be given brief special consideration for the double purpose of
illustrating the Productive functions of every variety of corporate
service and of explaining the Economic characteristics of that
outstanding one of all. This particular kind is Government.
The “business” of Government, to use a colloquialism, the Labor of
Government, to use the technical Economic term, is comprehensive and
effective in the Productive Process to the degree--a reservation
that applies to all other subclassifications of Labor, from the
lowest grade of “hired man” to the most powerful partnership or
corporation, from the most awkward apprentice to the shrewdest business
“enterpriser,”--that its functions are wisely and fairly devoted to the
task.
Public-domain text, read in full here on John Shaqi.
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