Principles and methods of industrial peace - PDF book by A. C. Pigou

Principles and methods of industrial peace

Principles and methods of industrial peace


From introduction:

The scope and purpose of this book is sufficiently explained in the introductory chapter to Part I. The work upon which it is based was begun in the spring of 1902. The preliminary results were used in an essay that obtained the Adam Smith prize at Cambridge in 1903, and also in a course of lectures delivered by me as Jevons Memorial Lecturer at University College, London. Since that time I have carried the analytical work somewhat further, have endeavoured to take account of a number of recent writings bearing upon the subject, and have recast the whole of my original draft. 

 the investigation has proved difficult, and the conclusions now offered are tentative and provisional. On the one hand, for the successful application of general economic principles to the problems of real life, there is needed an experience and a knowledge of men, with which an academic student can scarcely be equipped. 

In all probability, therefore, there will appear defects of detail, and more serious errors of proportion, which the practical man will need tolerance to forgive. On the other hand, the more theoretical side of the subject has not hitherto been widely discussed, and though, in regard to it, I have derived great help from Professor Marshall's Principles of Economics and Professor Edgeworth's Mathematical Psychics, some of the work to be done was of a kind usually called original. 

In such work, there are invariably gaps and errors. The more complicated parts of the main problem have required for their solution the employment of a technical apparatus. As, however, " Industrial Peace " is a subject, interest in which is not confined to the narrow circle of economists, I have endeavoured in the text to suppress this apparatus and to translate semi-mathematical reasoning into language intelligible to the ordinary reader.

 In Appendices A and B some parts of the logical machinery employed have been preserved, but they are not necessary to the understanding of the general argument. The scope and drift of this will, it is hoped, be made clear by the analytical table of contents, in which it is concisely summarised. The books, official publications, and magazine articles to which I am conscious of obligations, are referred to in footnotes. My main sources for facts have been the seventeenth volume of the Report of the United States Industrial Commission and the series of Blue Books on Strikes and Lock-outs published annually by the British Board of Trade. In the matter of general economic principles, specific acknowledgement is, of course, impossible.

 My main obligations under this head are, as already indicated, to the Writings of Professors Marshall and Edgeworth. For private help, my best thanks are due to Mr C. P. Sanger of University College, London, who has very kindly read the whole of my MSS. Professor Nicholson, as one of the examiners for the Adam Smith prize, has allowed me to see some of his criticisms of my first draft, and Mr J. M. Keynes of King's College, Cambridge, has given me valuable help in connection with Appendix A. My chief indebtedness, however, at once for the suggestion of this subject as one suitable for investigation, for detailed criticism, for encouragement, and for general guidance is due to the teacher whose pupil it is my privilege to be, Professor Alfred Marshall.

the book details :
  • Author: A. C. Pigou
  • Publication date:1905
  • Company: London: Macmillan

  • Download  Principles and methods of industrial peace  - 8.3 MB

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