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The Evolution of Modern Capitalism

A Study of Machine Production

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Author: John A. Hobson
Published: 1902
Language: English
Wordcount: 138,809 / 447 pg
Flesch-Kincaid Reading Ease: 18.6
LoC Category: HD
Downloads: 766
Added to site: 2009.03.09 23642
Genre: Non-fiction

In seeking to express and illustrate some of the laws of the structural changes in modern industry, I have chosen a focus of study between the wider philosophic survey of treatises on Social Evolution and the special studies of modern machine-industry contained in such works as Babbage's Economy of Manufactures and Ure's Philosophy of Manufactures, or more recently in Professor Schulze-Gaevernitz's careful study of the cotton industry.

Show Excerpt

c science rather than to industrial history as being an endeavour to discover and interpret the laws of the movement of industrial forces during the period of the eighteenth and nineteenth centuries.

It cannot, however, be pretended that any high degree of exactitude can attach to such a scientific study.

Two chief difficulties beset any attempt to explain industrial phenomena by tracing the laws of the action of the forces manifested in them. The first is that only a limited proportion of the phenomena which at any given time constitute Industry are clearly and definitely ascertainable, and it may always be possible that the laws which satisfactorily explain the statical and dynamical relations of these may be subordinate or even counteracting forces of larger movements whose dominance would appear if all parts of the industrial whole were equally known.

The second difficulty, closely related to the first, is the inherent complexity of Industry, the continual and close interaction of a n



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