The Problem Of The Unemployed

First published in 1896, this seminal work considers the Question of the Unemployed at the height of imperialist capitalism. Hobson proposes a controversial theory of social progress, which argues that unemployment is a natural and necessary result of the mal-distribution of consumption power. In a comprehensive assessment of the practicalities of capitalism, The Problem of the Unemployed considers the root causes and meaning of unemployment and possible solutions to the issue.

Excerpt from The Problem of the Unemployed, an Enquiry and an Economic Policy It is hoped that this restatement of the position, by its specific application to the concrete problem of the unem ployed and by the central importance assigned to the idea of Under-consumption, may avoid some of the mis understanding to which earlier statements were liable. By its explanation of Unemployment as a natural and necessary result of a mal-distribution of consuming-power, contained in economic rent and superfluous elements of profit, the argument claims a distinct place in the theory of social progress. 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.