The Physiology of Industry: Being an Exposure of Certain Fallacies in Existing Theories of Economics (1889)

The Physiology of Industry is a book written by Albert Frederick Mummery in 1889. The book aims to expose certain fallacies in existing theories of economics by drawing an analogy between the principles of physiology and those of industry. Mummery argues that just as the human body requires a balance of various elements to function properly, so too does the economy require a balance of various factors, such as labor, capital, and resources. He critiques existing economic theories that focus solely on supply and demand, arguing that they do not take into account the complex interplay of these various factors. Mummery also explores the role of competition in the economy and the importance of education and training in promoting economic growth. The book is a fascinating exploration of economic theory from a unique perspective and provides valuable insights into the workings of the economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.