The Common Sense of Economic Science
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In our eReader you can find the full English version of the book. Read The Common Sense of Economic Science 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 The Common Sense of Economic Science
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A distant market, for instance, may offer so much better mone- tary facihties, and readiness of sale, as to offset higher transport costs. It is not merely percentage of profit that counts, but rate of turnover. In modern commerce this complex and very specialised problem of market- ing has been highly developed. It is not, however, even yet so highly developed that miscalculations are not made, and difficulties met with in adjusting supply to demand, and it is much more owing to miscalculation...s and hitches of adjustment, together with political alarms and disturbances, that the so- called cycles of trade depression occur. They may arise from bad seasons, or a succession of bad seasons m THE COMMON SENSE OF ECONOMIC SCIENCE over the world at large, and if so, the effect is univer- sally felt, since agriculture is the basis of human industry. But when traced to their true causes they will be found much more commonly to arise from bad and incompetent government, for bad and incompetent government is unfortunately the rule.
What to read after The Common Sense of Economic Science?
You can find similar books in the "Read Also" column, or choose other free books by Edmund Dane to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
A distant market, for instance, may offer so much better mone- tary facihties, and readiness of sale, as to offset higher transport costs. It is not merely percentage of profit that counts, but rate of turnover. In modern commerce this complex and very specialised problem of market- ing has been highly developed. It is not, however, even yet so highly developed that miscalculations are not made, and difficulties met with in adjusting supply to demand, and it is much more owing to miscalculation...s and hitches of adjustment, together with political alarms and disturbances, that the so- called cycles of trade depression occur. They may arise from bad seasons, or a succession of bad seasons m THE COMMON SENSE OF ECONOMIC SCIENCE over the world at large, and if so, the effect is univer- sally felt, since agriculture is the basis of human industry. But when traced to their true causes they will be found much more commonly to arise from bad and incompetent government, for bad and incompetent government is unfortunately the rule.
What to read after The Common Sense of Economic Science?
You can find similar books in the "Read Also" column, or choose other free books by Edmund Dane to read onlineMoreLess
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