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Constructive Industry: A Monograph
Excerpt from Constructive Industry
Under the old school of Political Economy, we have been taught to believe that the rivalry of buyers and sellers, being the competition of the market, caused the equitable adjustment of sup ply and demand; therefore, competition was said to be the great regulative principle which held in check the over-reaching designs of individuals and made their selfish efi'orts con tribute to the general welfare; and it has been customary to accept this as the fundamental truth of economics, or the basic pr1nciple govern ing the industrial community....
Under the old school of Political Economy, we have been taught to believe that the rivalry of buyers and sellers, being the competition of the market, caused the equitable adjustment of sup ply and demand; therefore, competition was said to be the great regulative principle which held in check the over-reaching designs of individuals and made their selfish efi'orts con tribute to the general welfare; and it has been customary to accept this as the fundamental truth of economics, or the basic pr1nciple govern ing the industrial community....
35 pages, Hardcover
Published August 24, 2018
About the author
Thomas Cochran
20 books3 followersTHOMAS COCHRAN is the author of "Running the Dogs" & "Roughnecks". He lives in West Fork, Arkansas.
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