The Distribution of Wealth
The Distribution of Wealth
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In our eReader you can find the full English version of the book. Read The Distribution of Wealth 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 Distribution of Wealth
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Its wear and tear may be less, and it may displace a greater amount of labour. Its owner could, therefore, reap a greater profit from it ; and if its cost to him were equal to that of the inferior machine, the rate of profit would be greater — or, what is the same thing, he would obtain upon the machine, besides the customary rate of profit of the inferior machine, or of machinery in gen- eral, also a surplus which would be a true differential ' receipt analogous to rent.
But this difference in... efficiency between pieces of capital is very different from the difference in advan- tages which the owners of opportunities enjoy.
In the first place, they are usually the result of individual effort and inventive genius, and the differ- ential profits they give are rewards to personal enter- prise ; while these permanent opportunities are legal and social creations which are turned over to individ- uals, and which afford more or less exclusive rights of selling goods. These may also originally have been developed by individual enterprise; but when they have become finally fixed, they depend for their profits upon the existence of society at large and a body of consumers.
What to read after The Distribution of Wealth?
You can find similar books in the "Read Also" column, or choose other free books by John Rogers Commons to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Its wear and tear may be less, and it may displace a greater amount of labour. Its owner could, therefore, reap a greater profit from it ; and if its cost to him were equal to that of the inferior machine, the rate of profit would be greater — or, what is the same thing, he would obtain upon the machine, besides the customary rate of profit of the inferior machine, or of machinery in gen- eral, also a surplus which would be a true differential ' receipt analogous to rent.
But this difference in... efficiency between pieces of capital is very different from the difference in advan- tages which the owners of opportunities enjoy.
In the first place, they are usually the result of individual effort and inventive genius, and the differ- ential profits they give are rewards to personal enter- prise ; while these permanent opportunities are legal and social creations which are turned over to individ- uals, and which afford more or less exclusive rights of selling goods. These may also originally have been developed by individual enterprise; but when they have become finally fixed, they depend for their profits upon the existence of society at large and a body of consumers.
What to read after The Distribution of Wealth?
You can find similar books in the "Read Also" column, or choose other free books by John Rogers Commons to read onlineMoreLess
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