The Engineers And the Price System
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In our eReader you can find the full English version of the book. Read The Engineers And the Price System 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 Engineers And the Price System
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Their capitalization has, in effect, been calculated and fixed on the highest ordinary rate of earn- ings previously obtained; and on pain of insol- vency their businesslike managers are now re- quired to meet fixed income-charges on this capitalization. Therefore, as a proposition of safe and sane business management, prices have to be maintained or advanced.
I08 THE ENGINEERS AND THE PRICE SYSTEM From this businesslike requirement of meeting these fixed overhead charges on the capitaliza- tio...n there result certain customary lines of waste and obstruction, which are unavoidable so long as industry is managed by businesslike methods and for businesslike ends. T hese ordin ary lines of waste__and— obstructioa- are -neeessa^rily (and blamelessly) iacl]ided._in the bHsme&slike. rnnduct of production. They are many and various in detail, but they may for convenience be classed under four heads: (a) Uoe mplovment of m ate- rial resources, equipment and manpowerjiLw^ole or ^n part , deliberately or jthrQugh— ignorance ; (b) Salesmanship (includes, e.
What to read after The Engineers And the Price System?
You can find similar books in the "Read Also" column, or choose other free books by Veblen Thorstein to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Their capitalization has, in effect, been calculated and fixed on the highest ordinary rate of earn- ings previously obtained; and on pain of insol- vency their businesslike managers are now re- quired to meet fixed income-charges on this capitalization. Therefore, as a proposition of safe and sane business management, prices have to be maintained or advanced.
I08 THE ENGINEERS AND THE PRICE SYSTEM From this businesslike requirement of meeting these fixed overhead charges on the capitaliza- tio...n there result certain customary lines of waste and obstruction, which are unavoidable so long as industry is managed by businesslike methods and for businesslike ends. T hese ordin ary lines of waste__and— obstructioa- are -neeessa^rily (and blamelessly) iacl]ided._in the bHsme&slike. rnnduct of production. They are many and various in detail, but they may for convenience be classed under four heads: (a) Uoe mplovment of m ate- rial resources, equipment and manpowerjiLw^ole or ^n part , deliberately or jthrQugh— ignorance ; (b) Salesmanship (includes, e.
What to read after The Engineers And the Price System?
You can find similar books in the "Read Also" column, or choose other free books by Veblen Thorstein to read onlineMoreLess
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