Economics of liberty by Robinson John Beverley & Paul Avrich Collection (Library of Congress) DLC

Author:Robinson, John Beverley & Paul Avrich Collection (Library of Congress) DLC [from old catalog]
Language: eng
Format: epub
Tags: Proudhon, P.-J. (Pierre-Joseph), 1809-1865, Economics
Publisher: Minneapolis, H. Kuehn
Published: 1916-03-25T05:00:00+00:00

column IX, changing at first by a fraction, then at one step doubling, and with another leaping out into infinity.

The table represents a theoretical condition which is never completely realized, in which the rate of production remains constant.

In all progressive societies, mechanical inventions have so vastly increased the amount of individual production, as to far more than counterbalance the depletion of the ranks of the producers by privilege; so that the individual product, instead of remaining constant, should increase in rapid progression, to represent at all adequately the state of modern society.

Such is the condition shown in the revised table. (Table III, at the back of the book.)

Here the individual product at each successive stage, as shown in column III, is assumed to be double that of the previous period, instead of a constant amount. Just what the increase really is would be impossible to determine; nor does it matter, as it is a general principle that we seek, and not a special case.

As might be expected, the actual shares of both producers and nonproducers are enormously increased by the rapid growth of productive capacity. This increases as 1, 2, 4, 8, in column III, and the total amounts, in column IV, would be proportionately great, were it not for the diminishing number of producers, although, at first, the diminution is not rapid enough to overcome the advantage gained by the growth of productive power.

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