Excerpt from The Economics of Direct Employment: With an Account of the Fair Wages Policy Smith, Mcculloch, Mill, and Marshall alike, persist in assuming that there is. Some obligatory law that the pressure of competition ought, without interference from man, to be allowed so to act as to degrade the standard of life of the whole community. 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.