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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A common answer is that the owners should be allowed a fair return upon their investment, but it is difficult to say what is a fair return and what is the actual investment. The rate of interest to be allowed must be determined from a study of the investment market and from a consideration of what is necessary to provide a surplus for the lean years and for unproductive improvements.
A more perplexing question is to decide upon a fair valua- tion upon which the return is to be calculated. Neith...er the amount of stocks and bonds nor the ledger value of the prop- erty is a safe guide. In some cases the actual investment may be traced historically where the records have not been destroyed, but this raises a series of difficulties. Was the investment wisely made, or does it contain a large profit paid to some con- struction company? Should investments made out of income or surplus be distinguished from the original investment or from proceeds of the sale of stock and bonds ? The difficulty of as- certaining the full history of the investment has led to estimates of the cost of the production or reproduction of an enterprise by means of an engineering survey of the road and equipment.
What to read after Outlines of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Sewall Adams to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
A common answer is that the owners should be allowed a fair return upon their investment, but it is difficult to say what is a fair return and what is the actual investment. The rate of interest to be allowed must be determined from a study of the investment market and from a consideration of what is necessary to provide a surplus for the lean years and for unproductive improvements.
A more perplexing question is to decide upon a fair valua- tion upon which the return is to be calculated. Neith...er the amount of stocks and bonds nor the ledger value of the prop- erty is a safe guide. In some cases the actual investment may be traced historically where the records have not been destroyed, but this raises a series of difficulties. Was the investment wisely made, or does it contain a large profit paid to some con- struction company? Should investments made out of income or surplus be distinguished from the original investment or from proceeds of the sale of stock and bonds ? The difficulty of as- certaining the full history of the investment has led to estimates of the cost of the production or reproduction of an enterprise by means of an engineering survey of the road and equipment.
What to read after Outlines of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Sewall Adams to read onlineMoreLess
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