The Evolution of Modern Capitalism: a Study of Machine Production
The Evolution of Modern Capitalism: a Study of Machine Production
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In our eReader you can find the full English version of the book. Read The Evolution of Modern Capitalism: a Study of Machine Production 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 Evolution of Modern Capitalism: a Study of Machine Production
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- 7 |: ___:___ . __ _^/: \__ t _ !:_ :___ : :. : :_ __ _ _^, 2.
tz _ :_ __ - -_ -_ %A _ facturing stages, or in the hands of the merchant, or even in the retail shop. This congestion of the channels of produc- tion automatically checks production, depriving of all use a large quantity of the machinery, and a large quantity of labour. The general fall of money income which has necessarily followed from a fall of prices, uncompensated by MODERN CAPITALISM.
20; a corresponding expansion of sales, ...induces a shrinkage of consumption. Under depressed trade, while the markets TEXTILE PRICES. 4 6 8'»»°2 * 6 8 I860 1870 1890- continue to be glutted with unsold goods, only so much current production is maintained as will correspond to the 288 THE EVOLUTION OF shrunk consumption of the depressed community. Before the turn in the commercial tide, current production even falls below the level of current consumption, thus allowing for the gradual passage into consumption of the glut of goods which had congested the machine.
What to read after The Evolution of Modern Capitalism: a Study of Machine Production?
You can find similar books in the "Read Also" column, or choose other free books by J a John Atkinson Hobson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
- 7 |: ___:___ . __ _^/: \__ t _ !:_ :___ : :. : :_ __ _ _^, 2.
tz _ :_ __ - -_ -_ %A _ facturing stages, or in the hands of the merchant, or even in the retail shop. This congestion of the channels of produc- tion automatically checks production, depriving of all use a large quantity of the machinery, and a large quantity of labour. The general fall of money income which has necessarily followed from a fall of prices, uncompensated by MODERN CAPITALISM.
20; a corresponding expansion of sales, ...induces a shrinkage of consumption. Under depressed trade, while the markets TEXTILE PRICES. 4 6 8'»»°2 * 6 8 I860 1870 1890- continue to be glutted with unsold goods, only so much current production is maintained as will correspond to the 288 THE EVOLUTION OF shrunk consumption of the depressed community. Before the turn in the commercial tide, current production even falls below the level of current consumption, thus allowing for the gradual passage into consumption of the glut of goods which had congested the machine.
What to read after The Evolution of Modern Capitalism: a Study of Machine Production?
You can find similar books in the "Read Also" column, or choose other free books by J a John Atkinson Hobson to read onlineMoreLess
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