A Study on J.S. Mill’s Theory of “Inverse Relation between Cost of Labour and Profit” : In relation to Book I Production in J.S. Mill’s Principle of Political Economy

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  • J.S.ミル「労働費用・利潤相反」論 : J.S.ミル『経済学原理』第１編「生産」論における相反論の展開
  • J.S.ミル 「 ロウドウ ヒヨウ ・ リジュンソウ ハン 」 ロン : J.S.ミル 『 ケイザイガク ゲンリ 』 ダイ1ヘン 「 セイサン 」 ロン ニ オケル ソウ ハンロン ノ テンカイ

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Abstract

This is a study of John Stuart Mill’s Theory of Inverse Relation between Cost of Labour and Profit. Britain falls into a “stationary state” where, if the state does not take any measures, only landowners of the unproductive class become wealthy due to the rise in land rents, and the profit rate is the lowest, holding the social and economic contradiction of a decline in the profit rate of capitalists and poverty of workers, who are the productive class. According to Mill, economic disparities and working-class poverty problems are caused by natural laws: the land returns reduction law and population law. Mill’s principle for realizing an ideal civil society is the principle of “ownership based on labour and endurance”, and the economic theory device which supports the labour capital cooperation system is the theory of “Inverse Relation between Cost of Labour and Profit.” Since workers’ wages and capitalists’ profits are in conflict in Ricardo’s theory of “Inverse Relation between Wage and Profit”, Mill reorganizes “wages” into “cost of labour” and presents the theory of “Inverse Relation between Cost of Labour and Profit” incorporating the variable “labour efficiency”, making it into a theory to lead the labour-capitalist cooperation system.

Journal

  • 経済志林

    経済志林 89 (3), 291-326, 2022-03-25

    法政大学経済学部学会

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