ABSTRACT
This is the only rationale of the simultaneous unemployment of labour, land, and capital which forms the problem of the “unemployed.” Under-consumption is the economic cause of unemployment. The only remedy, therefore, which goes to the root of the evil is a raising of the standard of consumption to the point which shall fully utilise the producing-power, after making due allowance for such present “saving” as is economically needed to provide for further increase of consumption in the future. If the analysis of causes in the last chapter is correct, this remedy can only be made operative by a line of policy which shall affect the ownership of increased consuming-power.
