Profits, Wages, And Prices
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In our eReader you can find the full English version of the book. Read Profits, Wages, And Prices 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 Profits, Wages, And Prices
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In this manner he "trades on a thinner equity," as the phrase goes, taking the larger risk involved and enjoying for himself a high rate of profit upon his own capital if his venture is successful. • Its supply, likewise, is determined in large measure by current profits ; and the whole expla- nation, of variations in the rate of interest pre- vailing in the money market must run primarily in terms of the entrepreneur's profit. There seems to be little warrant for the contention that profits te...nd to be reduced to an equality with the rate of interest in a highly dynamic society such as ours. The old explanation ran from ab- stinence and the abundance of capital to low in- terest rates and thence through the process of THE RATE OF INTEREST 99 competitive entrepreneur activity to low profits.
Our explanation must run in terms of the busi- ness cycle, through variations in price and pro- duction to profits, thence to the supply of capital and the demand for it, and finally to the rate of interest.
What to read after Profits, Wages, And Prices?
You can find similar books in the "Read Also" column, or choose other free books by David Friday to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In this manner he "trades on a thinner equity," as the phrase goes, taking the larger risk involved and enjoying for himself a high rate of profit upon his own capital if his venture is successful. • Its supply, likewise, is determined in large measure by current profits ; and the whole expla- nation, of variations in the rate of interest pre- vailing in the money market must run primarily in terms of the entrepreneur's profit. There seems to be little warrant for the contention that profits te...nd to be reduced to an equality with the rate of interest in a highly dynamic society such as ours. The old explanation ran from ab- stinence and the abundance of capital to low in- terest rates and thence through the process of THE RATE OF INTEREST 99 competitive entrepreneur activity to low profits.
Our explanation must run in terms of the busi- ness cycle, through variations in price and pro- duction to profits, thence to the supply of capital and the demand for it, and finally to the rate of interest.
What to read after Profits, Wages, And Prices?
You can find similar books in the "Read Also" column, or choose other free books by David Friday to read onlineMoreLess
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