Excerpt from The Distribution of Income
I published this book in 1899, after many years of writing and revision. Since then I have had to go over the subject with my students once a year, criticising myself, finding Distribution each time more fascinating in itself and more serious in its issues. I had, besides, for three busy years on the Poor Law Commission, the unique experience of asking questions and gathering evidence from all the great and little industries of the country, visiting workshops, factories, docks, coming into contact with employers, employed, Trade Union leaders, officials, and economists; and I should have made bad use of my time if I had not been constantly re-considering all I had written in the light of this great mass of facts and opinions.
If now, in this second edition, I make no change in the substance of the argument - I call it an "argument," for it is one long chain from end to end - it is some testimony that age and experience have only confirmed me in my conviction of its soundness.
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