Enterprise And the Productive Process a Theory of Economic Productivity Present
Enterprise And the Productive Process a Theory of Economic Productivity Present
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In our eReader you can find the full English version of the book. Read Enterprise And the Productive Process a Theory of Economic Productivity Present 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 Enterprise And the Productive Process a Theory of Economic Productivity Present
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Reversing the process, however, and taking rent, interest, and wages as the funda- mental considerations, it is at once perceived that in making a man a slave he is changed from an element of labour force into an ele- ment of " fixed capital. " Thereafter instead of earning wages for himself, he earns for his owner whatever he can use him for or hire him out at. His economic position is exactly like that of a domesticated animal. Again the re- turn for money spent in acquiring an education does... not conform to the laws of interest, but does appear as an addition to wages wholly in- distinguishable from other wages. Is not such an investment really a transformation of cap- ital into labour force, undertaken, like other , - 168 Enterprise and Production investments of capital, in the belief that it will yield a gain (in this case individualistic) in being more productive as labour force than as capital worth more earning wages than bear- ing interest ?
Secondly, as to the investment of capital in fixed forms, especially in the improvement of real estate, the question is somewhat more complicated.
What to read after Enterprise And the Productive Process a Theory of Economic Productivity Present?
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:
Reversing the process, however, and taking rent, interest, and wages as the funda- mental considerations, it is at once perceived that in making a man a slave he is changed from an element of labour force into an ele- ment of " fixed capital. " Thereafter instead of earning wages for himself, he earns for his owner whatever he can use him for or hire him out at. His economic position is exactly like that of a domesticated animal. Again the re- turn for money spent in acquiring an education does... not conform to the laws of interest, but does appear as an addition to wages wholly in- distinguishable from other wages. Is not such an investment really a transformation of cap- ital into labour force, undertaken, like other , - 168 Enterprise and Production investments of capital, in the belief that it will yield a gain (in this case individualistic) in being more productive as labour force than as capital worth more earning wages than bear- ing interest ?
Secondly, as to the investment of capital in fixed forms, especially in the improvement of real estate, the question is somewhat more complicated.
What to read after Enterprise And the Productive Process a Theory of Economic Productivity Present?
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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