First published in 1914 and reissued with a new introduction in 1992, Work and Wealth is a seminal vision of Hobson's liberal utopian ideals, which desired to demonstrate how economic and social reform could transform existing society into one in which the majority of the population, as opposed to a small elite, could find fulfillment.
Hobson attacked conventional economic wisdom which made a division between the cost of production and the utility derived from consumption. Far from being necesarily arduous, Hobson argued that work had the potential to bring about immense utility and enrichment. The qualitative, humanist work argues in favour of a new form of capitalism to minimise cost and maximise utility.
Table of Contents
1. The Human Standard of Value 2. The Human Origins of Industry 3. Real Income: Cost and Utility 4. The Creative Factor in Production 5. Human Costs of Industry 6. The reign of the Machine 7. The Distribution of Human Costs 8. Human Costs in the Supply of Capital 9. Human Utility of Consumption 10. Class Standards of Consumption 11. Sport, Culture and Charity 12. The Human Law of Distribution 13. The Human Claims of Labour 14. Scientific Management 15. The Distribution of Leisure 16. The Reconstruction of Industry 17. The Nation and the World 18. Social Harmony in Economic Life 19. Individual Motives to Social Service 20. The Social Will as an Economic Force 21. Personal and Social Efficiency 22. Social Science and Social Art