Author Description

Excerpt from The Edinburgh Review or Critical Journal, Vol. 222: July, 1915 October, 1915 The Problem of the Unemployed. By J. A. Hobson. Methuen. 1896. T first sight there does not seem to be any doubt about it. With eight to ten millions of capital spent every day by the belligerent Powers, to say nothing of the purely wasteful outlay to which many neutrals are forced by the war, it seems to be as Obvious a platitude as ever has been put forward when one says that capital will be, must be, and cannot help being dear for a long time to come. When a huge amount of a thing that is very much wanted is destroyed its price must go up. Economic theory, common sense, and even the laws Of mechanics seem to confirm such a proposition, which is so self-evident that one is almost inclined to show the thing happening in a diagram. N 0 one can deny that capital, even before the war, was very much wanted. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.