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
The character of the housing and working places could well be left to
individuals in early times. If the individual chose to live and work in
unsuitable places and under unsanitary conditions, it was usually his
own fault and he bore the consequences. When the unsanitary conditions
about each family are visited upon its neighbors, society must deal with
them. Engineering, sanitary science, and medicine must be directed
against the evils; factory and tenement-house legislation must seek to
make possible a decent life in the cities, the factories, and the homes.
Indeed, in many places the development in these and other directions has
enabled the mass of the workers to enjoy blessings impossible to the
most favored in the past.
§ II. SOCIAL CONDITIONS FAVORING EFFICIENCY
[Sidenote: Government to insure the reward to labor]
1. _The first social condition for the workers' efficiency is political
security._ For the same reason that this condition is favorable to the
growth of capital, it is essential if men are to labor in the present
and for the future. As the framers of the Constitution expressed it, the
function of government is to insure domestic tranquillity, provide for
the common defense, and insure the blessings of liberty to the citizen.
Directness and certainty of reward are more essential than mere size of
reward in insuring action and effort. There must be a close relation
between work and the fruits of work. Political insecurity weakens this
relation and makes the reward dependent on chance.
[Sidenote: Common honesty as a condition to efficient labor]
2. _The prevalence of standards of honesty in private and public
business is a condition to high efficiency._ Corruption in government
has the same effect as political insecurity; in fact, it is but another
form of it. We are accustomed to the thought that in an Asiatic
despotism a worker beginning a task is uncertain whether he will reap
the reward, as public officials may at any moment seize upon the fruits
of his labor. But in our own country similar evils are not entirely
lacking. Assessments often are unfair, and justice sometimes is bought.
Men in high executive positions are able to make or mar the fortunes of
their followers. Sometimes a legislator from a country town goes to the
state capital poor and returns rich. Such things becoming generally
known tend to break down the motives to industry. They breed the notion
that wealth is more dependent on chance or jobbery than on efficient
service. Dishonesty in private business means the use of energy not to
produce wealth, not to add to the sum for all to enjoy, but to get it
from some one else. Public corruption and commercial dishonesty alike
entail on the industrious not only the immediate loss, but the far
greater cost of weakened character, relaxed energy, and decreased
efficiency of labor.
[Sidenote: Effect of caste on efficiency of lower and upper classes]
Public-domain text, read in full here on John Shaqi.
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