Economics
Economics
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In our eReader you can find the full English version of the book. Read Economics 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 Economics
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The latter are fundamentally of the same eco- nomic character as the former. 3 Future goods of the first class are called by Clark passive capital, 1 Andrews, Institutes of Economics, p. 49.
2 Ibid.
3 A plough is so many loaves of bread partly made, while a loom and the engine which moves it are partly made coats; that is, society having determined to make some more bread THE ORGANIZATION OF INDUSTRY 265 those of the second active capital. 1 These prod- ucts of human industry which owe their ex...ist- ence and their value, not to their power to satisfy immediately human desires, but to the great fact of the efficiency of serial production, are future goods.
Though material commodities only are ordi- narily included in the term " future goods, " it should be pointed out that there are other pro- ductive agencies which are entirely analogous in their action. Andrews refers to some of them as "unembodied inventions, " and cites the knowledge of chemical combinations used in the arts, etc. The patterns of a stove manu- facturer, often very valuable, are of course fut- ure goods ; yet if the patterns themselves were destroyed, they could usually be replaced at nominal expense by one who remembered their form.
What to read after Economics?
You can find similar books in the "Read Also" column, or choose other free books by Devine, Edward T. (Edward Thomas), 1867-1948 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The latter are fundamentally of the same eco- nomic character as the former. 3 Future goods of the first class are called by Clark passive capital, 1 Andrews, Institutes of Economics, p. 49.
2 Ibid.
3 A plough is so many loaves of bread partly made, while a loom and the engine which moves it are partly made coats; that is, society having determined to make some more bread THE ORGANIZATION OF INDUSTRY 265 those of the second active capital. 1 These prod- ucts of human industry which owe their ex...ist- ence and their value, not to their power to satisfy immediately human desires, but to the great fact of the efficiency of serial production, are future goods.
Though material commodities only are ordi- narily included in the term " future goods, " it should be pointed out that there are other pro- ductive agencies which are entirely analogous in their action. Andrews refers to some of them as "unembodied inventions, " and cites the knowledge of chemical combinations used in the arts, etc. The patterns of a stove manu- facturer, often very valuable, are of course fut- ure goods ; yet if the patterns themselves were destroyed, they could usually be replaced at nominal expense by one who remembered their form.
What to read after Economics?
You can find similar books in the "Read Also" column, or choose other free books by Devine, Edward T. (Edward Thomas), 1867-1948 to read onlineMoreLess
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