Recent economic changes, and their effect on the production and distribution of wealth and the well-being of society by David Ames Wells

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David Ames Wells
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Recent economic changes, and their effect on the production and distribution of wealth and the well-being of society

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Book review

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1899 edition. Excerpt: ... The economic outlook, present and prospective--Necessity of studying tha situation as an entirety--Compensation for economic disturbances--Inequality in the distribution of wealth a less evil than equality of wealth-- The problem of poverty as affected by time--Tendency of the poor toward the centers of population--Relation of machinery to the poverty problem --Reduction of the hours of labor by legislation--Fallacy of eight-hour arguments--The greatest of gains from recent material progress--Increase of comfort to the masses from decline of prices--Oleomargarine legislation--Difference between wholesale and retail prices--Kelation between prices and poverty--Individual differences in respect to the valueperceiving faculty--Characteristics of the Jews--Relative material progress of different countries--Material development of Australia and the Argentine Republic--Great economic changes in India--Great material progress in Great Britain--The economic changes of the future--Further cheapening of transportation--Future of agriculture--Position of the last third of the nineteenth century in history. In the preceding chapters an attempt has been made to trace out and exhibit in something like regular order the causes and the extent of the industrial and social changes and accompanying disturbances, which have especially characterized the last fifteen or twenty-five years of the world's history. The questions which connect themselves with, and are prompted by, such an inquiry and exhibit, are numerous and relate to widely different subjects. But, of all these, the one of greatest interest and importance is, What has been, and what is likely to be, the effect of these complex economic changes--of this recent and unquestionably great material...


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