Principles of Economics volume 1
Principles of Economics volume 1
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In our eReader you can find the full English version of the book. Read Principles of Economics volume 1 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 Principles of Economics volume 1
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They lend freely to the men of whom they think well; they turn a deaf ear to him whose projects seem unpromising. Their willingness to give credit makes it possible for the capable man to extend his operations, even though he start with little or no means of his own. No doubt they sometimes make mistakes, and enable empty pretenders or reckless specu- lators to get command of large resources. But bankers, to repeat, need be above all things good judges of men. On the whole, they put the control... of the industrial forces into the hands of those likely to turn them into profitable channels. They are the leaders among the leaders in the industrial world. Obviously, bankers judge borrowers solely according to pecuniary desert. They lend freely to the man who makes money. How he makes money and how far his money-making conduces to the common good, is none of the banker's concern, no more than it is the lawyer's professional concern to inquire whether his client is doing things for the public ill or good.
What to read after Principles of Economics volume 1?
You can find similar books in the "Read Also" column, or choose other free books by F W Frank William Taussig to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
They lend freely to the men of whom they think well; they turn a deaf ear to him whose projects seem unpromising. Their willingness to give credit makes it possible for the capable man to extend his operations, even though he start with little or no means of his own. No doubt they sometimes make mistakes, and enable empty pretenders or reckless specu- lators to get command of large resources. But bankers, to repeat, need be above all things good judges of men. On the whole, they put the control... of the industrial forces into the hands of those likely to turn them into profitable channels. They are the leaders among the leaders in the industrial world. Obviously, bankers judge borrowers solely according to pecuniary desert. They lend freely to the man who makes money. How he makes money and how far his money-making conduces to the common good, is none of the banker's concern, no more than it is the lawyer's professional concern to inquire whether his client is doing things for the public ill or good.
What to read after Principles of Economics volume 1?
You can find similar books in the "Read Also" column, or choose other free books by F W Frank William Taussig to read onlineMoreLess
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