Economic Democracy
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In our eReader you can find the full English version of the book. Read Economic Democracy Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Economic Democracy
What reading level is Economic Democracy book?
To quickly assess the difficulty of the text, read a short excerpt:
Messrs. Jones order the hides and the semi-manu- factures by the usual methods from any source which seems to them desirable, and on receipt of the invoices, turn these into the Clearing-house, which issues a cheque in favour of Messrs. Jones for the total amount 600 ; by means of which Messrs. Jones deal with their accounts for supplies.
The Clearing-house writes up its capital account by this sum, and by all sums issued by it. The out-of-pocket cost to Messrs. Jones of their finished product ...is, therefore, 500. Let us allow them 10 per cent.
132 Economic Democracy profit on this, and the cost, plus profit, at the factor} 7 under these conditions is 550, and a sum of 600 is owing to the Clearing-house.
Messrs. Brown who require these hides for boot-making, order them from Messrs. Jones, and other supplies from elsewhere amounting to 500, and similarly transmit Messrs. Jones' invoices (which include the sums paid by the Clearing-house) with the rest to the Clearing-house, which issues a cheque for 1, 650 to Messrs.
What to read after Economic Democracy?
You can find similar books in the "Read Also" column, or choose other free books by C H Clifford Hugh Douglas to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Messrs. Jones order the hides and the semi-manu- factures by the usual methods from any source which seems to them desirable, and on receipt of the invoices, turn these into the Clearing-house, which issues a cheque in favour of Messrs. Jones for the total amount 600 ; by means of which Messrs. Jones deal with their accounts for supplies.
The Clearing-house writes up its capital account by this sum, and by all sums issued by it. The out-of-pocket cost to Messrs. Jones of their finished product ...is, therefore, 500. Let us allow them 10 per cent.
132 Economic Democracy profit on this, and the cost, plus profit, at the factor} 7 under these conditions is 550, and a sum of 600 is owing to the Clearing-house.
Messrs. Brown who require these hides for boot-making, order them from Messrs. Jones, and other supplies from elsewhere amounting to 500, and similarly transmit Messrs. Jones' invoices (which include the sums paid by the Clearing-house) with the rest to the Clearing-house, which issues a cheque for 1, 650 to Messrs.
What to read after Economic Democracy?
You can find similar books in the "Read Also" column, or choose other free books by C H Clifford Hugh Douglas to read onlineMoreLess
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