ABSTRACT
If under-consumption, chiefly due to excessive attempts to capitalise unearned elements of individual income, is the direct cause of the mass of unemployment, no remedy will be effective which does not help to raise the general standard of consumption. The radical and permanent remedies will lie in the lines of that progressive movement outlined in the last chapter. But our analysis must also furnish a test which is applicable to the numerous proposals which seek by special measures to cure or to alleviate the malady of unemployment.
