Economic Equality in the Co-Operative Commonwealth
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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.
Table of Contents
Part 1: Ideas and Ideals 1. Present and Future 2. Human Evolution 3. Composition of the People 4. The Social Classes 5. Defects of the Capitalist System 6. Economic Reasons for Equality 7. Incentives to Labour 8. The Objective Part 2: Economic Organization 9. National Economy 10. Production and the National Dividend 11. The Distribution of Wealth 12. The Fixing of Prices Part 3: Realization 14. Preparation for the Change 15. Progress in Organization 16. The Transition Appendix 1: Mill on Communism Appendix 2a) Relative Increase of Non-Producing Workers b) Productivity of Modern Machinery.
H. Stanley Jevons was Professor of Economics and Political Science at the University of South Wales. He was also the first Head of Department of Economics at the University of Allahabad, India.