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
Again, the harmony of goods is affected by the special nature of the
occupation. A farmer with his out-of-door life can use tobacco with far
less danger than the sedentary worker. A piano player cannot be a
base-ball player: the one requires soft and supple hands, the other hard
and callous ones. The young man must give up the piano or the game, or
play both badly. The harmony may rest on a still more complex social
adjustment. The loss to the man whose life is in the main on a higher
plane is greater if he descends occasionally to a lower. A ditch-digger,
looking at the question short-sightedly, may deem "a good drunk" a very
desirable form of enjoyment. But a brain-worker, whose joy as well as
efficiency depends on the clearness of his intellectual processes, must
see that in his case the perils and the costs are much greater.
[Sidenote: Unity of choice in happiness and in character]
Wise consumption depends not alone on physical pleasures, but on the
spiritual unity of the uses made of goods. Happiness and character are
akin in the qualities of simplicity and unity. Happiness, so far as it
depends on wealth, is a harmony of gratifications. Character is a
harmony of actions, a group of complementary deeds. There can be no
harmony, without a central, simple, guiding principle. The wise and
moral use of goods and the economic use of them are therefore for the
individual essentially the same. Life is a unity. The results of the
choice of goods are reflected in the health, intelligence, happiness,
morality, and progress of society. It is vain for the economist to
ignore the ultimate relations between economic choice and morality; it
is folly for the moralist to ignore the economic bases of right and
wrong in human conduct.
CHAPTER 42
DISTRIBUTION OF THE SOCIAL INCOME
§ I. THE NATURE OF PERSONAL DISTRIBUTION
[Sidenote: Definition of personal distribution reviewed]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account