297 Pages
by
Routledge
252 Pages
by
Routledge
252 Pages
by
Routledge
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The Physiology of Industry is a remarkable work which set out to challenge the current theory surrounding the economics of labour, supply and demand. First published in 1889, Hobson’s first book outlines some of the key areas of his theory of underconsumption. The precise contribution of Mummery, who died in a mountaineering accident in 1895, is unclear, although Hobson did state that it was... Read more
Introduction; Preface; 1. Scope of Production 2. Quantitative Relation of Wealth to Consumption 3. The Physiology of Production – The Law of Supply and Demand 4. Over-Production and Economic Checks 5. Expansion and Contraction of Trade 6. The Law of the Limited Requisite 7. Scarcity of Gold as an Economic Factor 8. Practical Considerations
Biography
J. Hobson
