The Effects of Civilization
After witnessing high food prices and food shortages in England from 1795–1801, Hall began to write The Effects of Civilization on the People in European States which set forth his economic theories. Hall argued that the root cause of food shortage, was that too few people worked in agriculture, while too many were employed in trade and manufacturing. From this argument, Hall proceeded to his definition of wealth, arguing that "wealth consists not in things but in power over the labour of others".
Read more about this topic: Charles Hall (economist)
Famous quotes containing the word effects:
“The machines that are first invented to perform any particular movement are always the most complex, and succeeding artists generally discover that, with fewer wheels, with fewer principles of motion, than had originally been employed, the same effects may be more easily produced. The first systems, in the same manner, are always the most complex.”
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