ABSTRACT
§1. In the last chapter it was argued that, apart from the effects of inventions and of changes in consumers’ demand, there was some ground for holding that in normal periods of economic progress, under a capitalistic organisation of industry, there was a tendency for the absolute share of both workers and property owners to increase, and also for the relative share of the owners to increase at the expense of the relative share of the workers. We shall consider in this and the following chapter how far this tendency is either strengthened or weakened by the effects of inventions and of changes in consumers’ demand.
