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. _Population increased at an unprecedented rate throughout Christendom
in the nineteenth century, but the pace is now slackening._ The
nineteenth century saw a great increase in the food-supplies available
for Europe. The resources of the American continent were hardly touched
until the great Western movement of population began and new agencies of
transportation brought American fields thousands of miles nearer to
European markets. The improvement of machinery and of other economic
equipment in Europe likewise aided to increase production rapidly.
Population followed, though not with equal step. Europe had a population
of 200,000,000 in 1800, nearly 400,000,000 in 1900. The increase in
England was from 12 to 18 per cent, each decade; it had 8,000,000 in
1800 and 30,000,000 in 1900. The United States had 5,000,000 at the
beginning of the century and 75,000,000 at the close, an increase of
over 30 per cent, each decade. Recently there has been a notable decline
in the rate of increase in all the countries of Europe. France is
already at the stationary stage, and England probably will have reached
it by the middle of the century. The rate of increase by decades has
fallen in America from thirty-three to twenty-four since the Civil War.
Though the movement of the population is still upward, large classes are
stationary or declining in numbers.
[Sidenote: Conclusion]
Population should increase more slowly than wealth and resources if
progress is to go on. It has done so in the past century, and there is
no probability of a too rapid increase in Christendom in the near
future. A stationary or declining population, while not desirable, is
not an impossibility. But this does not destroy the significance of the
fact that there is inherent in humanity a great potential power of
increase, the realization of which would be disastrous, the control of
which is an important and ever-present condition of the social welfare.
CHAPTER 22
CONDITIONS FOR EFFICIENT LABOR
§ I. OBJECTIVE PHYSICAL CONDITIONS
[Sidenote: Subjective and objective factors of efficiency]
1. _The efficiency of labor, in its broadest sense, is its ability to
render services or produce things that minister to welfare._ The
efficiency of labor is a resultant of many influences. In part it
depends on the physical and mental powers of men; in part on things
outside of the worker that either stimulate and strengthen him, or give
him more favorable conditions in which to work. These are respectively
the subjective and the objective factors of efficiency. In its broader
sense, therefore, the phrase "efficiency of labor" implies any and every
influence that makes for a larger and better supply of goods.
[Sidenote: Bounty and goodness of productive agents affect the output of
labor]
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