ABSTRACT
THE difficulty of ascertaining the principles according to which the product of labour ought to be divided between the workers, and of discovering a workable application of them, is perhaps greater than that of devising the economic mechanism of Collectivism. Collectivist production and exchange, the national ownership and management of practically all industrial concerns, it may be safely predicted, will be working smoothly long before there will be more than moderate satisfaction with the relative rates of pay for the innumerable kinds of work and service, and with the arrangements for securing equity of payment in the same occupation.
