The Distribution of Income

Adam Smith amount appeal arbitrary argument assessed better bring capital and labour CHAPTER cheap claim cloth co-operation Collective Bargaining competition consumer consumption deserts difference distribution divided division of labour duction economic economists efficiency embodied employed employer equal fact factors factors of production factory industry fall Friendly Society give Glasgow hand human increase individual Industrial Democracy instance interest keep Lancashire land less limited living machine machinery manual labour masters means ment minders mobility modern money income National Income Nature organisation paid paymaster payment perhaps person Physiocratic possible present pressure principle profit real income realised recognised reduced regards remuneration rent rise rival rough justice salary secure seems sell services rendered share skilled labour Society Standard Rate subsistence level supply Suppose tend theory thing tion Trade Unionism unskilled wants wealth whole women workers workman worth