This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1878 Excerpt: ... PREFACE. 'I "HIS exposition of the principles of a time policy is reprinted from the Economy of Consumption. It consists of the 4th Book of the 2d Part of that work, being the section in which the practical working of a time policy is explained. The fundamental principle of a time policy is thus stated in the Book preceding that here reprinted:--' From this explanation of the poverty of the labourer's reward, there follows a corollary as to the true policy of the labourer, which is the reverse of what is constantly urged upon him by economists; but which is much more in accordance with nature, and incomparably better fitted to promote the interests, not of the labourer only, but of society at large, than the prevailing doctrine. It is that he ought to give the least amount of his time possible to industrial labour.' 'This doctrine is at present stated in its simplest form. Its meaning, application and restrictions will hereafter be fully stated. As a preliminary to laying the foundation of a sound doctrine, however, it is first of all necessary to give the fullest contradiction to the current notion, both economical and popular, of the fundamental condition in respect to labour of industrial prosperity.' 'The natural form and development of this doctrine, as embodying a policy may be thus stated. When the labourer, unprovided with necessaries, has his whole time at his command, he is absolutely constrained to dispose of some of it in order to supply his wants. The price obtainable for his labour, provided it is sufficient to meet his pressing wants, cannot and ought not to be, at this stage, a consideration with him. Being in want, he must work to supply his wants at whatever price his labour will bring, but when by an instalment of his labour, provided he ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1878 Excerpt: ... PREFACE. 'I "HIS exposition of the principles of a time policy is reprinted from the Economy of Consumption. It consists of the 4th Book of the 2d Part of that work, being the section in which the practical working of a time policy is explained. The fundamental principle of a time policy is thus stated in the Book preceding that here reprinted:--' From this explanation of the poverty of the labourer's reward, there follows a corollary as to the true policy of the labourer, which is the reverse of what is constantly urged upon him by economists; but which is much more in accordance with nature, and incomparably better fitted to promote the interests, not of the labourer only, but of society at large, than the prevailing doctrine. It is that he ought to give the least amount of his time possible to industrial labour.' 'This doctrine is at present stated in its simplest form. Its meaning, application and restrictions will hereafter be fully stated. As a preliminary to laying the foundation of a sound doctrine, however, it is first of all necessary to give the fullest contradiction to the current notion, both economical and popular, of the fundamental condition in respect to labour of industrial prosperity.' 'The natural form and development of this doctrine, as embodying a policy may be thus stated. When the labourer, unprovided with necessaries, has his whole time at his command, he is absolutely constrained to dispose of some of it in order to supply his wants. The price obtainable for his labour, provided it is sufficient to meet his pressing wants, cannot and ought not to be, at this stage, a consideration with him. Being in want, he must work to supply his wants at whatever price his labour will bring, but when by an instalment of his labour, provided he ...
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