LAWS OF WAGES by Henry Ludwell Moore Continued 



CONTENTS Continued PAGE 



Fluctuations in the Laborer's Relative Share of the Product and in 



the Ratio of Capital to Labor 55 



The General Trend of Wages 61 



CHAPTER IV 

 Wages and Ability 



An Hypothesis as to the Distribution of Ability 74 



Grounds for the Hypothesis 76 



The Expression of the Gaussian Law in a Form that will facilitate 



the Testing of the Differential Theory of Wages 78 



The Standard Population 82 



The Application of the Theory of the Standard Population 85 



Remark upon the Preceding Demonstration 93 



CHAPTER V 

 Wages and Strikes 



Outcome of Strikes as affected by the Strength of Trades-Unions 105 



Outcome of Strikes as limited by Economic Law 121 



Summary 134 



CHAPTER VI 

 Wages and the Concentration of Industry 



Wages as affected by the Concentration of Industry 140 



Amount of Employment 153 



Continuity of Employment 156 



Length of Working Day . . ... 161 



CHAPTER VII 

 Conclusions 



Statistical Economics and Industrial Legislation 169 



Practical Aspects of the Results of Preceding Chapters 174 



Statistical Economics and Synthetic Economics .... ... 196 



COMMENTS OF SPECIALISTS 



"Professor Moore brings to his task a wide acquaintance with the 

 most difficult parts of the literature of economics and statistics, a full 

 appreciation of its large problems, a judicial spirit and a dignified style." 

 F. W. TAUSSIG, in the Quarterly Journal of Economics. 



"Statistics of the ordinary official kind have often served to support 

 the arguments of political economists. But this is the first time, we 

 believe, that the higher statistics, which are founded on the Calculus of 



