The Labor Problem

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Excerpt from The Labor Problem: Plain Questions and Practical AnswersPolitical economy furnishes a most telling illustration of the advantages of co-operation. The science has grown to such dimensions that even the specialist can scarcely mas ter the whole of it, while few can hope to be original in vestigators in every department of this growing branch of learning. There was a time when even the dilettante in economics could, on short notice, venture to prepare a text book Of political economy, but such a person will now turn away from the task, provided he has any regard for his future reputation. The late Stanley Jevons, profoundly impressed with the vastness of the work of the political economist, urged the necessity of the establishment of sev eral chairs of economics in every great university, because he thought the science too large for any one professor. It will readily be admitted from all this that it is hardly reasonable to expect a single author to write a satisfactory economic treatise, and, as a matter of fact, the only text book of political economy which presents the science as it is today, is the great work edited by sch'onberg, and writ ten by more than twenty of the most distinguished econ omists of our timef.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.