Every Day Ethics Addresses Delivered in the Page Lecture Series 1909before Th
Every Day Ethics Addresses Delivered in the Page Lecture Series 1909before Th
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In our eReader you can find the full English version of the book. Read Every Day Ethics Addresses Delivered in the Page Lecture Series 1909before Th 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 Every Day Ethics Addresses Delivered in the Page Lecture Series 1909before Th
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To quickly assess the difficulty of the text, read a short excerpt:
It is just here that the speculator comes in. He trades purely on these fluctuations which occur in a single market (or in all markets at the same time). If he is a speculator on the Chicago Board of Trade, he buys wheat in Chicago for delivery at some future time in Chicago, if he expects the price to rise, or he sells short for delivery at some future time if he expects the price to fall. It is not the difference between the price of wheat in Chicago and Liverpool that interests him, so much ...as the difference in price between May and September.
Now the question is whether this is a moral or justifiable thing for him to do. Does he do any good to anyone, or perform any service to the busi- ness world by such transactions; or is he merely a parasite who has arisen because of these dangerous fluctuations? To answer that, you must first recognize that he is at least a product of these conditions; that is, speculation of a professional kind is the result of very actual risks of price fluc- tuation in the markets of the world.
What to read after Every Day Ethics Addresses Delivered in the Page Lecture Series 1909before Th?
You can find similar books in the "Read Also" column, or choose other free books by Yale University Sheffield Scientific School to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is just here that the speculator comes in. He trades purely on these fluctuations which occur in a single market (or in all markets at the same time). If he is a speculator on the Chicago Board of Trade, he buys wheat in Chicago for delivery at some future time in Chicago, if he expects the price to rise, or he sells short for delivery at some future time if he expects the price to fall. It is not the difference between the price of wheat in Chicago and Liverpool that interests him, so much ...as the difference in price between May and September.
Now the question is whether this is a moral or justifiable thing for him to do. Does he do any good to anyone, or perform any service to the busi- ness world by such transactions; or is he merely a parasite who has arisen because of these dangerous fluctuations? To answer that, you must first recognize that he is at least a product of these conditions; that is, speculation of a professional kind is the result of very actual risks of price fluc- tuation in the markets of the world.
What to read after Every Day Ethics Addresses Delivered in the Page Lecture Series 1909before Th?
You can find similar books in the "Read Also" column, or choose other free books by Yale University Sheffield Scientific School to read onlineMoreLess
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