Knut Wicksell: Selected Essays in Economics - Vol. 2

By Knut Wicksell; Bo Sandelin | Go to book overview

NOTES
1
In this area, it does not take much to ‘upset the apple cart’, as is evident from a report in the Quarterly Journal of Economics some time ago, according to which the market value of land in the United States had risen as much in the last fifteen years as it had done previously ‘since the days of Columbus’. However, a major cause of this fact is the sharp rise in commodity prices in America, which in turn is probably mainly due to purely monetary factors.
2
I anticipate that on the conditions mentioned, all things considered, the wages of labour in France would rise to at least three times their current level. At present, they remain at the bare minimum for life in many cases, even in that wealthy country.
3
Die Entwicklung der japanischen Volkswirtschaft in der Gegenwart, by Dr Masao Kambe, Professor at the University of Kyoto. (Wirtschafts- und Verwaltungsstudien, ed. Georg Schantz, XLIX, Leipzig 1914, 49 pp.)
4
I suppose it is true that those who themselves are ‘well off are impelled by a kind of instinct to oppose developments that are likely to diminish income from sources other than labour, or to curtail existing privileges in general; but it would probably be unfair to believe that they would therefore consciously try to thwart measures capable of leading to the economic bettering of the masses.
5
Incidentally, it appears from Dr C. Drysdale’s well-known statistical compilation that even they would have done wisely to content themselves with a somewhat less extreme fertility. His statistics show that whereas both the birth rate and the death rate have declined in recent years in the whole of the rest of the statistically known world, in the province of Ontario in Canada (and also, if I remember rightly, in Japan) both these figures have risen at one and the same time.

-135-

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