Capital And Population a Study of the Economic Effects of Their Relations to E
Capital And Population a Study of the Economic Effects of Their Relations to E
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The higher the price at which he can sell his com- modity, other things being equal, the longer he will be content to wait before selling it. When, therefore, the equation of international demand is permanently in favor of a manufacturing nation, the rate of manufacturing prof- its will, in a short time, be no higher than before, but the amount of dead stock which such nation can accumu- late without depressing its industry will be greatly in- creased. The benefit from the equation being in its... favor, will express itself, not in the rate but in the aggregate of manufacturing profits.
I regard this result of the equation of international demand as a very important principle of the science, and for many reasons : 1. It affords a striking verification of the fact herein claimed, that the whole tendency of the equation is to the benefit of manufacturing nations, as it can not be disputed that they are the ones who actually do possess the largest THE EQUATION OF INTERNATIONAL DEMAND. 195 proportion of dead stock, and even if the reasons for such tendency I have advanced are not valid, it rests with my opponents to find reasons that are, as the result certainly occurs.
What to read after Capital And Population a Study of the Economic Effects of Their Relations to E?
You can find similar books in the "Read Also" column, or choose other free books by Frederick Barnard Hawley to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The higher the price at which he can sell his com- modity, other things being equal, the longer he will be content to wait before selling it. When, therefore, the equation of international demand is permanently in favor of a manufacturing nation, the rate of manufacturing prof- its will, in a short time, be no higher than before, but the amount of dead stock which such nation can accumu- late without depressing its industry will be greatly in- creased. The benefit from the equation being in its... favor, will express itself, not in the rate but in the aggregate of manufacturing profits.
I regard this result of the equation of international demand as a very important principle of the science, and for many reasons : 1. It affords a striking verification of the fact herein claimed, that the whole tendency of the equation is to the benefit of manufacturing nations, as it can not be disputed that they are the ones who actually do possess the largest THE EQUATION OF INTERNATIONAL DEMAND. 195 proportion of dead stock, and even if the reasons for such tendency I have advanced are not valid, it rests with my opponents to find reasons that are, as the result certainly occurs.
What to read after Capital And Population a Study of the Economic Effects of Their Relations to E?
You can find similar books in the "Read Also" column, or choose other free books by Frederick Barnard Hawley to read onlineMoreLess
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