Challenge to Economists (Classic Reprint)

Download or read book Challenge to Economists (Classic Reprint) written by John S. Hecht and published by . This book was released on 2015-07-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Challenge to Economists Nevertheless the truth is ever simple. 1. The wealth of the world can be increased by man's labour, but as no man can be considered to possess wealth until he has first his bare necessaries of life, the necessaries of all mankind must first be produced, for, economics being an ethical science, man cannot be allowed to starve. 2. Articles of utility are economically identical with necessaries, as they also enable man to live and produce, and, in saving labour, they save, and thus increase, the supply of necessaries. 3. The production and handling of necessaries occupies a large proportion of the world's labour, and, although a lack of them causes all the misery and most of the discontent in this world, their importance appears to be overlooked by economists. 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.