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:
“Each of us, even the lowliest and most insignificant among us, was uprooted from his innermost existence by the almost constant volcanic upheavals visited upon our European soil and, as one of countless human beings, I can’t claim any special place for myself except that, as an Austrian, a Jew, writer, humanist and pacifist, I have always been precisely in those places where the effects of the thrusts were most violent.”
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