Labor And Other Capital the Rights of Each Secured And the Wrongs of Both Eradi
Labor And Other Capital the Rights of Each Secured And the Wrongs of Both Eradi
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In our eReader you can find the full English version of the book. Read Labor And Other Capital the Rights of Each Secured And the Wrongs of Both Eradi 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 Labor And Other Capital the Rights of Each Secured And the Wrongs of Both Eradi
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With labor at six dollars per day, the tenant could pay the $120 rent with twenty days' work; whereas, with interest at six per cent, and labor at one dollar per day, it would take one hundred and twenty days' labor to pay the rent, six times more than when interest on money was at one per cent. Now suppose the change in interest to produce no effect upon property, and the house and lot to continue worth only $2, 000. The interest on the $2, 000 at one per cent would be $20. If property did not... rise, labor would not rise, because it would require the same number of days' labor to build the house, and it would take twenty days' labor to pay the rent the same number of days that it would if the property should rise to $12, 000. A just per centage on money being established, the rise 21 162 or the fall of property would not affect the relative position of labor and capital. If property should rise in price, the tenant would not be obliged to build another house for the use of one, any sooner than if property should fall in price.
What to read after Labor And Other Capital the Rights of Each Secured And the Wrongs of Both Eradi?
You can find similar books in the "Read Also" column, or choose other free books by Edward Kellogg to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
With labor at six dollars per day, the tenant could pay the $120 rent with twenty days' work; whereas, with interest at six per cent, and labor at one dollar per day, it would take one hundred and twenty days' labor to pay the rent, six times more than when interest on money was at one per cent. Now suppose the change in interest to produce no effect upon property, and the house and lot to continue worth only $2, 000. The interest on the $2, 000 at one per cent would be $20. If property did not... rise, labor would not rise, because it would require the same number of days' labor to build the house, and it would take twenty days' labor to pay the rent the same number of days that it would if the property should rise to $12, 000. A just per centage on money being established, the rise 21 162 or the fall of property would not affect the relative position of labor and capital. If property should rise in price, the tenant would not be obliged to build another house for the use of one, any sooner than if property should fall in price.
What to read after Labor And Other Capital the Rights of Each Secured And the Wrongs of Both Eradi?
You can find similar books in the "Read Also" column, or choose other free books by Edward Kellogg to read onlineMoreLess
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