Overview

This is an EXACT reproduction of a book published before 1923. This IS NOT an OCR'd book with strange characters, introduced typographical errors, and jumbled words. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing ...
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The abolition of poverty

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Overview

This is an EXACT reproduction of a book published before 1923. This IS NOT an OCR'd book with strange characters, introduced typographical errors, and jumbled words. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.
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Product Details

  • BN ID: 2940017440117
  • Publisher: Boston, Houghton Mifflin
  • Sold by: Barnes & Noble
  • Format: eBook
  • File size: 157 KB

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CHAPTER III THE DISTRIBUTION OF INCOME The existence of poverty thus passes from a problem of economic production into a problem of economic distribution. There is apparently enough to suffice. The national dividend is abundant and to spare. But the process of allotment seems to give not enough to many, and by inference too much to some. The question immediately presents itself as to whether this chronic under-apportioning is a necessary consequence or an avoidable incident of the competitive system, understanding by that term the procedure whereby modern societies distribute the national dividend among their constituent members. In economic discussion this alternative is the issue between collectivism and social regulation. Collectivism asserts that poverty is an inevitable result of capitalistic industry, and insists that anything short of socialized production and distribution is an ineffective palliative. Social regulation, on the other hand, assumes that poverty is the transient friction which attends industrial as well as physical progress, and maintains that economicwant can be checked and eliminated by appropriate social treatment. It cannot be too strongly emphasized that neither course countenances laissez-faire. Whatever welcome may have been accorded the policy of non-intervention, in times more congenial to the acceptance of abstract philosophical doctrines as rules of economic conduct, there is supreme impatience in our own day at any suggestion of "administrative nihilism" as a response to the challenge of poverty. Such dicta as "the great universal progress toward individual liberty, which, as far as can be known by mortals, is the first and immediate object of thescheme of humanity," 43 sound as archaic as eighteenth-century watchwords. Even though ma...
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