The Principles of Economics, with Applications to Practical ProblemsFetter, Frank A. (Frank Albert)
General
The Principles of Economics, with Applications to Practical Problems
Fetter, Frank A. (Frank Albert)
Economics
5. _Skill and capacity in industrial tasks is a resultant of many
qualities._ The simplest task calls for a combination of force and
judgment,--even the digging of a ditch, the raising of a window, or the
fitting of a stovepipe. For most industrial tasks rarer combinations of
qualities are required. The retail clerk must be neat, punctual, polite,
and long suffering. A confidential clerk must have discretion, judgment,
and other moral qualities in an unusual combination. The substitution of
qualities is possible within limits; a rare quality may make amends for
the lack of a commoner one, and a man may, because of peculiar fitness
in some regards, continue to hold a position for which in other ways he
is little fitted. The rarest and most valued worker is one uniting many
good qualities and fitted to deal with emergencies. The economic
efficiency of the worker often is no stronger than its weakest link. A
strong motive for training is offered by the fact that supplying some
one lacking quality may raise the total efficiency in a remarkable
degree.
[Sidenote: Inequality of talents shown by biologic studies]
6. _Biologic studies have of late made clearer the existence and
continuation of the inequality of talents._ The political philosophy of
the eighteenth century was based on the idea of natural rights and
natural equality. Adam Smith, accepting the prevailing view, discussed
wages on the assumption that all men had equal natural ability. It is
still a favorite assumption of radical social reformers that the natural
ability of all men is equal, and that all the differences in success
result from political injustice. The study of biology of late has made
patent the unending differences that prevail throughout the animate
world. No two members of the same family or species are just alike; no
two pigeons have wings of just the same length. Nature by numberless
devices is experimenting constantly with variations on either side of
the established mean. The accepted fact of biologic evolution rests on
the foundation of inequality in structure and powers, making possible
selection and adaptation. Men in all their qualities of mind and body
display this kaleidescopic variety. In all life there is inequality, and
the whole drama of human history as well as that of biologic evolution
must be meaningless or illusory to the man who does not see this truth.
Accustomed now to this point of view, we as inevitably think of the
natural inequalities in men as did Adam Smith of their equality.
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