Skip to Content

The Physiology of Industry (Routledge Revivals)

By J. A. Hobson, A. F. Mummery

Routledge – 1992 – 215 pages

Series: Routledge Revivals

Purchasing Options:

  • Paperback: $44.95
    978-0-415-82543-6
    July 25th 2014
    Not yet available
  • Add to CartHardback: $125.00
    978-0-415-82538-2
    January 23rd 2013

Description

The Physiology of Industry is a remarkable work which set out to challenge contemporary theory surrounding the economics of labour, supply and demand. First published in 1889, Hobson’s first book outlines some of the key areas of his theory of underconsumption. The precise contribution of Mummery, who died in a mountaineering accident in 1895, is unclear, although Hobson did state that it was heated debates with the businessman that gave him faith in these theories. The chapters analyse the nature of production, the relationship between wealth and consumption, the influence of the supply of gold on the economy and the law of supply and demand. This is an interesting work which marked a shift in economic thought, and will be of value to researchers and student of industrial theory and modern economic history.

Contents

Introduction; Preface; 1. Scope of Production 2. Quantitative Relation of Wealth to Consumption 3. The Physiology of Production – The Law of Supply and Demand 4. Over-Production and Economic Checks 5. Expansion and Contraction of Trade 6. The Law of the Limited Requisite 7. Scarcity of Gold as an Economic Factor 8. Practical Considerations

Name: The Physiology of Industry (Routledge Revivals) (Hardback)Routledge 
Description: By J. A. Hobson, A. F. Mummery. The Physiology of Industry is a remarkable work which set out to challenge contemporary theory surrounding the economics of labour, supply and demand. First published in 1889, Hobson’s first book outlines some of the key areas of his theory of...
Categories: Labour Economics, Industry & Industrial Studies, Sociology of Work & Industry, Industrial Economics, Economic Theory & Philosophy, History of Economic Thought, Social Theory