Home >> Economics-1898 >> Disposition Of The Social to The Standard Of Living

Economics by Edward Thomas Devine (1898)

Disposition Of The Social
Disposition Of The Social Surplus The Entire Product Of Industry Is Distributed Among Those Who Have Helped In The Production, Or Have Otherwise Established A Recognized Claim To A Share In It. Every Producer Receives A Mini Mum Share Sufficient To Cover Actual Costs, And If In A Favorable Economic ...

Economics
Economics Is The Science Of Man In His Rela Tion To Wealth. By Wealth Is Meant, Not As In Common Speech, A Large Quantity Of Desirable Goods, But Rather All Desirable Things In Quan Tity Great Or Small. The Unit In Economic Ob Servations And Reasonings Is Man As A ...

Explanation Of Value
Value, Explanation Of There Are Three Distinct Attributes Of Goods Which Are Of Fundamental Economic Importance : Their Utility, Their Value, And Their Cost. Refer Ence Has Already Been Made To The First And Third Of These Attributes. We Are New In Posi Tion To Consider The Character Of Value, ...

Obstacles To Social Progress
Obstacles To Social Progress By Social Progress Is Meant The Gradual In Crease And Diffusion Of Wealth, Accompanied By The Unfolding Of Human Capacity To Enjoy It. General Prosperity May Be Promoted By A Wiser Choice Of Commodities, By A Decrease In Their Real Cost, Or By A More Intelligent ...

Propositions Concerning Consumption
Propositions Concerning Consumption The Economic Order Of Consumption Is Modified By Changes In The Relative Cost Of Producing Dif Ferent Commodities. It Has Been Pointed Out In The Preceding Chapter That Commodities Are Chosen Not In The Order Of Their Positive Utility, But In The Order Of Their Surplus Of ...

Propositions Concerning Industry
Propositions Concerning Industry The Productivity Of Land Depends On The Variety Of Human Wants. We Have Seen That The In Crease Of Land Demands Increased Knowledge Concerning Its Productive Possibilities, Rather Than Increased Area. Every New Item Of Know Ledge Brought To Light By Practical Cultivators Or By Experiment Stations ...

Restatement Of Familiar Principles
Restatement Of Familiar Principles The Division Of Labor Increases The Efficiency Of Production. The First Great Treatise On Political Economy, Adam Smith's Wealth Of Nations, Opens With A Discussion Of The Advantages Of The Division Of Labor Introduced By An Illustra Tion Drawn From The Manufacture Of Pins. He Shows ...

Social Prosperity
Social Prosperity The Prosperity Of Society Is Measured By The Surplus Utility Which It Can Create In A Given Time. It Is Important That It Be Understood Just What Is Meant By Surplus As The Term Is Here Used. It Is The Designation Of All That Part Of Utility Which ...

The Consumption Of Goods
The Consumption Of Goods It Is Not Until We Reach That Part Of Eco Nomics Which Treats Of The Consumption, Or Use, Of Goods That We Come Into Direct Contact With The Central Fact Of The Science, Viz., The Relation Between The Economic Environment And Man's Welfare. If We Can ...

The Distribution Of Products
The Distribution Of Products The Chapters Immediately Preceding Have Dealt With The Abstract Laws Of Consumption, Prosperity, And Value. It Is Now Time To Return To The More Concrete Facts Of Industrial Society, In Order To Trace The Operation Of Economic Forces In The Actual Exchange Of Goods From Hand ...

The Economic Environment
The Economic Environment Like Geography And Some Other Sciences, Economics Requires A Knowledge Of Man's Sur Roundings. Those Surroundings Are Partly Physical And Partly Social. What Economics Demands Of Physical Science Is A Knowledge Of The Particular Facts Concerning The Surface Of The Earth And The Atmosphere Which Have Any ...

The Making Of Goods
The Making Of Goods In The Present Chapter We Pass From A Con Sideration Of Man's Surroundings To That Of His Activities. Broadly Speaking, All Human Activ Ity May Be Described As The Increasing Of The Number, Or The Improving Of The Useful Qualities, Of Goods. Every Object Which Ministers ...

The Organization Of Credit
The Organization Of Credit Every Economic Relation Between Two Mem Bers Of Society Implies Credit, Or Confidence That The Service Or Commodity Given By One To The Other Will Be Repaid Immediately, Or At Some Fut Ure Time, As May Be Agreed. Credit Has Already Been Enumerated As One Of ...

The Organization Of Industry
The Organization Of Industry In A Previous Chapter On The Making Of Goods We Made A Broad Survey Of The Economic Activi Ties Of Human Society, Describing The Making Of Goods As The Entire Series Of Activities By Which Man Secures From His Surroundings The Satisfactions Which His Nature Demands. ...

The Social Conditions Of
The Social Conditions Of An Economic Society It Was Said At The Opening Of The Preceding Chapter That The Environment Is Partly Physical And Partly Social. Having Outlined The Physi Cal Environment, We May Next Consider The Social Conditions Of Our Economic Life. Family Life, Education, Religion, Government, Property, Law, ...

The Standard Of Living
The Standard Of Living The Standard Of Living Is A Collective Term For The Necessaries, Comforts, And Luxuries Which Are Within Reach At A Given Time, And Which Are So Related To Each Other That None Can Be Dropped Without Lessening The Amount Of Pleas Ure To Be Obtained From ...