The book Economics was written by author Devine, Edward T. (Edward Thomas), 1867-1948 Here you can read free online of Economics book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Economics a good or bad book?
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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.
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