Problems in American Democracy by Thames Ross Williamson
page 94 of 808 (11%)
page 94 of 808 (11%)
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specialist, producing a surplus of his one product, but dependent upon
numerous other persons for most of the things which he personally consumes. To-day, for example, there are numerous individuals raising cattle, the hides of which are to be made into shoes; other individuals are perfecting means of transportation so that those hides may be carried to market; still other persons concern themselves only with the building of factories or with the manufacture of machines with which to work those hides into shoes. These various individuals and groups may never see each other, nevertheless they aid one another. The secret of this often unseen and unconscious coöperation is that there are individuals who specialize in the work of connecting up, or coördinating, the other factors which are necessary to the production of shoes. These individuals, about whom we shall have more to say in the next chapter, constitute an important economic group. They coördinate, in the example given above, the cattle grower, the railroad manager, the tanner, the factory builder, and the manufacturer, and thus make possible a kind of national or even international coöperation which would otherwise be impossible. Those whose function it is to promote this coöperation are, therefore, indispensable factors in modern production. 72. GOVERNMENT A FIFTH FACTOR IN PRODUCTION.--A cursory examination of modern industry would convince the observer that land, labor, capital, and coördination are important factors in production. There is, in addition, a factor which is so fundamental, and of such essential value, that it is sometimes overlooked altogether. This is the work of the government in protecting productive enterprises. Government aids in production by suppressing theft, violence, and fraud; by allowing |
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