Originally published in 1933 in the midst of the Great Depression, this book discussed the possibility of a new and orderly economic system to realize social justice. The author argued that nothing but the complete equality of reward could ensure a stable order. Although utopian in its outlook, the book addressed many of the concerns of the (then) existing order. The book explains the origin of differences between different people, give a brief account of the economic theory of the capitalist system and investigates the economics of the growing demand for social and economic equality. It then discusses in more detail the most efficient economic organization to provide and safeguard the welfare of the population on the basis of equality, followed by a discussion of the economic principles involved in price-fixing and foreign trade.
Author(s): H. Stanley Jevons
Series: Routledge Library Editions: Inequality, 5
Publisher: Routledge
Year: 2023
Language: English
Pages: 378
City: London
Cover
Half Title
Title Page
Copyright Page
Original Title Page
Original Copyright Page
Table of Contents
Preface
Part I: Ideas and Ideals
Chapter I. Present and Future
Recent Progress
A Period of Change
Compulsory General Education
The Demand for Social Justice
Radical and Socialist Reforms Mere Palliatives
Anticipation
Chapter II. Human Evolution
The Study of Progress
The Survival of the Fittest
Group Selection
The Importance of Tradition
Variations of Individuals
Altruists and Egoists
Chapter III. Composition of the People
Occupational Selection in Primitive Times
Racial Qualities and Mixtures
Modern Occupational Selection
Occupations of Women
Effects of Occupation on Character
Chapter IV. The Social Classes
Nations and Classes
Primitive Regulation of Population
Origin of Caste in Social Function
Incomes of Ability Scarce in Relation to Demand
Incomes Dependent on Property
Conditions of Growth of the Propertied Classes
The Social Ladder
Chapter V. Defects of the Capitalist System
The Science of Economics
Economics of the Competitive System
Rent of Land
Differences of Capital Goods
Adjustment of Supply to Demand
Labour Supply
The Standard of Living
Effect of Trade Union Rule on Supply
Earnings of Intellectual Labour
Interest on Capital
Profits
Wastes of the Competitive System
The Avoidance of Waste in Industries
Chapter VI. Economic Reasons for Equality
Social Tendencies
The Demand for Equality
The Origin of Inequality of Incomes
Economic Causes of Inequality of Incomes
Equality of Earnings Possible in the Competitive System
Principle of Minimum for Efficiency
Principle of Unequal Sacrifice
The Inevitable Tendency to Equality of Remuneration
Chapter VII. Incentives to Labour
Declining Effectiveness of Individual Self-Interest
Incentives in the Existing Economic System
Other Egoistic Incentives
Altruistic Incentives
Incentives to Labour Under Communism
Chapter VIII. The Objective
Moral Gains
The Spiritual Gain
The Revival of Art
Intellectual Life
Politics
The Content of Life
Part II: Economic Organization
Chapter IX. National Economy
General Plan of Organization
The Organization of Production
The Control of Industry
The Organization of Supply
Housing Accommodation
Stores and the Supply of Goods to them
Chapter X. Production and the National Dividend
Total Production Stream
The Capital Fund
The National Dividend
Occupations and the National Dividend
Occupations Under Communism
Social Results of Capitalist Waste
The Increase of the National Dividend
Chapter XI. The Distribution of Wealth
The Theory of Equal Means of Enjoyment
The Abolition of Money
The Need of Variety in Methods of Supply
Nature of 'Money' Units and 'Prices'
Incomes and Satisfaction
Equal Opportunity of Enjoyment
Immigration and Emigration
Delinquents
Chapter XII. The Fixing of Prices
General Principles
Cost of Production
Interest
Remaining Supplementary Costs
Distribution Costs
Summary of Costs Forming the Basis of Price
The Price Level and the General Allowance
Chapter XIII. Foreign Trade
Organization and Finance
Comparative Costs
Comparison of Marginal Costs with Foreign Prices
Cyclical Fluctuations of Trade
Part III: Realization
Chapter XIV. Preparation for the Change
A New Social Morality
A Social Purpose
Preliminary Research
Enlightenment
Socialist Propaganda
Chapter XV. Progress in Organization
A Gradual Social Revolution
Distinction between Socialism and Labourism
The Press and the Films
Existing Socialist Parties and Associations
Need for a Consistent Organization of Political Activities
The Industrial Policy of Organized Labour
Existing Institutions of Socialist Character
Chapter XVI. The Transition
The Instability of a Socialistic System
Preparatory Measures
The Fundamental Laws
Property in the Transition
Organizing Continuity of Production and Services
The Redistribution of Labour
Temporary Compromise Arrangements
Willing Effort and the Joy of Achievement
Appendix I: Mill on Communism
Appendix II:
(A): Relative Increase of Non-Producing Workers
(B): Productivity of Modern Machinery
Appendix III: Bibliography
Index
