ABSTRACT
We have now concluded the main discussion of production, the first step in the economic process. Since all labour is undertaken with some idea of material reward in view, the method of distribution now invites analysis. In effect, distribution, in the sense current in economic theory, signifies the sharing out of the income of the community among the classes and individuals which compose it. The central problem, of this aspect of the study is then to ascertain how this matter of apportionment is effected. It resolves itself into two questions, one of mechanism, the other of principle. The first is concerned with the actual arrangements of dividing the product and committing it to the hands of the people who were concerned directly or indirectly in creating it, the second with the set of ideas governing the amount of goods to be allotted to each of them.
