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
Every buyer then determines in some degree the direction of industry.
The market is a democracy where every penny gives a right of vote. It is
the thought of the society called "The Consumers' League" that through
purchases, pressure may be brought to bear upon the employer to provide
better conditions of work. The members of The Consumers' League refuse
to buy goods not made under sanitary conditions. Undoubtedly there is
here a great economic force which an enlightened public opinion, even
without a formal association, can make in large measure effective. Every
individual may organize a consumer's league, leaguing himself with the
powers of righteousness. Will he read a yellow journal or a pink or a
white one? A nickel or two will buy either. He has a dollar; will he go
to the theater or buy ten dishes of ice-cream? He decides to buy a book,
and more type and paper are made, and more printers are employed; he
subscribes to foreign missions and Christian workers penetrate farther
into Africa. Every purchase has far-reaching consequences. You may spend
your monthly allowance as an agent of iniquity or of truth. You cannot
escape a choice even by burying the money, for that is either a demand
for gold or a gift to the issuer of paper currency.
§ II. REACTION UPON THE EFFICIENCY OF THE WORKERS
[Sidenote: Instinctive choice as related to welfare]
1. _All consumption works some temporary change in the consumer, making
him a more or less efficient producer._ Most consumption goods are used
to gratify a wish of the moment. Many actions are governed by impulse
rather than by reason; but in general this impulse is in harmony with
the interests of efficiency. In primitive society instinct and appetite
must generally have been safe guides. Food not merely appeased hunger
and gratified the palate, but it gave strength. Sensations of cold,
hunger, and thirst were developed by nature to stimulate men to do the
things that helped them to survive. In primitive societies there are few
chances to seek pleasures that are not favorable to efficiency. In the
struggle for existence the more efficient tribes survive, and those that
develop many abnormal tastes must perish. But the conditions of modern
life are more complex, and temptations beset men on every side. Tastes
are pampered and appetite is gratified at the expense of later welfare.
[Sidenote: Choice of foods]
Public-domain text, read in full here on John Shaqi.
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