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Excerpt from Discussions in Economics and Statistics, Vol. 2 of 2: Statistics, National Growth, Social Economics Of course, the hours of labor, for summer and for winter, should be shown, and the number of months each establish ment has been running less than full time. Two other ques tions relating to labor, although not vitally important, would be exceedingly interesting and instructive, as tending to show the Ishmaelitish character of our industry; viz., the greatest number employed at any one time, and the total number of persons employed during the year. The difference between these figures and those which show the average number en gaged (the stereotyped question of the census) would present very striking and very significant results, both in regard to the quality of our labor and the habits of our people. That, after requiring these particulars, the schedule should call for the amount paid in wages during the year, is not one of the disputed points. The only question might be as to the form of the inquiry. That given above is preferable to cost of labor (as in since the latter is ambiguous, and is commonly understood to embrace the value of the labor of owners or partners when working at their trade, which is precisely what ought not to be included. Their remunera tion is to be derived from the profits of their business, and those are to be calculated from the difference between the united cost of labor, materials, and power, and the total value of the resulting product. It is of prime importance to oh tain the wages of the country, pure and simple. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Growing Public examines the question of whether social policies that redistribute income impose constraints on economic growth. What kept prospering nations from using taxes for social programs until the end of the nineteenth century? Why did taxes and spending then grow so much, and what are the prospects for social spending in this century? Why did North America become a leader in public education in some ways and not others? Lindert finds answers in the economic history and logic of political voice, population ageing, and income growth. Contrary to traditional beliefs, the net national costs of government social programs are virtually zero. This book not only shows that no Darwinian mechanism has punished the welfare states, but uses history to explain why this surprising result makes sense. Contrary to the intuition of many economists and the ideology of many politicians, social spending has contributed to, rather than inhibited, economic growth.
This engaging volume collects a series of thought-provoking essays on the topics of statistics, national growth, and social economics. As relevant today as when they were first published in the late nineteenth century, these essays offer valuable insights into the challenges and opportunities facing modern economies. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Following his The World Economy: a Millennial Perspective, Angus Maddison here offers a rare insight into the history and political influence of national accounts and national accounting. He demonstrates that such statistical data can shed light on ...