The Distribution of Wealth; a Theory of Wages, Interest And Profits
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In our eReader you can find the full English version of the book. Read The Distribution of Wealth; a Theory of Wages, Interest And Profits 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; a Theory of Wages, Interest And Profits
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The respective products of labor and of capital, as these products are meas- THE APPORTIONING OF LABOR AND CAPITAL 281 ured in kind, will be normal. Each agent creates the right amount of goods within the group.
Where, on the other hand, there is too much of one agent and too little of another, a unit of the agent that is present in excessive quantity will create fewer goods than it should, and a unit of the agent that is present in deficient quantity will create more goods than it should. It i...s possible, under these conditions, that the price of the goods may still be normal ; since, whatever their respective productive- ness, the two agents together may produce a normal quantity of the goods. In apportioning labor and capital among different employments, we can seldom secure to a group, as a whole, the exact amount of productive power that static law calls for; and we can still less hope to secure for the labor and the cap- ital that go to each sub-group the right amounts of specific power to create goods in kind.
What to read after The Distribution of Wealth; a Theory of Wages, Interest And Profits?
You can find similar books in the "Read Also" column, or choose other free books by Clark, John Bates, 1847-1938 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The respective products of labor and of capital, as these products are meas- THE APPORTIONING OF LABOR AND CAPITAL 281 ured in kind, will be normal. Each agent creates the right amount of goods within the group.
Where, on the other hand, there is too much of one agent and too little of another, a unit of the agent that is present in excessive quantity will create fewer goods than it should, and a unit of the agent that is present in deficient quantity will create more goods than it should. It i...s possible, under these conditions, that the price of the goods may still be normal ; since, whatever their respective productive- ness, the two agents together may produce a normal quantity of the goods. In apportioning labor and capital among different employments, we can seldom secure to a group, as a whole, the exact amount of productive power that static law calls for; and we can still less hope to secure for the labor and the cap- ital that go to each sub-group the right amounts of specific power to create goods in kind.
What to read after The Distribution of Wealth; a Theory of Wages, Interest And Profits?
You can find similar books in the "Read Also" column, or choose other free books by Clark, John Bates, 1847-1938 to read onlineMoreLess
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