Profits of Efficiency

Cover Profits of Efficiency
Profits of Efficiency
Foreman, Clarence James
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a gradual legalizing of unearned scarcity surpluses obtained wholly by contractual restraint of trade.
IV. During certain periods abnormal profits greatly increase the amount of investments. At this time unearned surpluses instead of the returns of efficiency dominate the struggle for profit and the presence of scarcity gains may obscure the plan of analysis followed in this discussion. Indeed, the constantly increasing in- comes of this nature afford a wide field for investigation, and only et
...ernal vigilance on the part of courts and legislators will prevent the unnecessary growth of this increment.
V. Finally, as the economic sphere of the individual in law has grown constantly broader, his legal correlation of supply to consumption has become more fixed ; he has been able to restrain competition, exploit demand, and not infrequently monopoly has resulted. In this fact there lies an ever growing danger, for the competitive plane, which has long controlled the determination of legal profits, is gradually losing its significance in the common law.


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