Outlines of Economics
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In our eReader you can find the full English version of the book. Read Outlines of 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 Outlines of Economics
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It is this increment in capital value, due to the real or expected advantages of consolidation, that has been the chief cause of such combinations. The organization of trusts has in many cases been effected by professional pro- BUSINESS ORGANIZATION 235 moters, whose connection with an undertaking does not con- tinue any longer than is necessary in order to secure the profits of consolidation. A few great trusts like those which have figured in the oil, sugar, steel, and tobacco industries have... been conspicuously successful in a business way. Many others were " made to sell " ; that is, were organized only in order that profits might be gained through the sale of their securities, and have been weighted down by a capitalization not justified by their actual earning capacity. Some of these have already fallen to pieces ; others have been reorganized, with diminished capitaliza- tion.
" When judged in terms of the promises of their promoters their histories ( stand as striking acknowledgments of the inadequacy of mere consolidation as a basis of economic efficiency.
What to read after Outlines of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Ely, Richard T. (Richard Theodore), 1854-1943 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is this increment in capital value, due to the real or expected advantages of consolidation, that has been the chief cause of such combinations. The organization of trusts has in many cases been effected by professional pro- BUSINESS ORGANIZATION 235 moters, whose connection with an undertaking does not con- tinue any longer than is necessary in order to secure the profits of consolidation. A few great trusts like those which have figured in the oil, sugar, steel, and tobacco industries have... been conspicuously successful in a business way. Many others were " made to sell " ; that is, were organized only in order that profits might be gained through the sale of their securities, and have been weighted down by a capitalization not justified by their actual earning capacity. Some of these have already fallen to pieces ; others have been reorganized, with diminished capitaliza- tion.
" When judged in terms of the promises of their promoters their histories ( stand as striking acknowledgments of the inadequacy of mere consolidation as a basis of economic efficiency.
What to read after Outlines of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Ely, Richard T. (Richard Theodore), 1854-1943 to read onlineMoreLess
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