The Reconstruction of Economic Theory
The Reconstruction of Economic Theory
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In our eReader you can find the full English version of the book. Read The Reconstruction of Economic Theory 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 Reconstruction of Economic Theory
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If the surplus grows, the toilers are driven into narrower fields: if it falls off, profits shrink and the subsistence fund becomes relatively more important. Between them however there are no definite relations such as would create fixed funds each with its own laws. There is no equilibrium between struggling classes. The weak do not divide with the strong : they are either destroyed or driven from the field.
If income is not divided into funds some other viewpoint must be adopted to discover ...how income is distributed between strug- (51) 52 THE ANNALS OF THE AMERICAN ACADEMY gling groups. Socially the equilibrium must be looked for not in a series of funds but in a series of budgets, each of which represents the forces acting on a given class. In each budget there is a recomposi- tion of values so as to force an equilibrium between receipts and expenditures. To add to costs in one particular, forces reductions in costs in other quarters. To reduce costs likewise alters the value of other items.
What to read after The Reconstruction of Economic Theory?
You can find similar books in the "Read Also" column, or choose other free books by Simon Nelson Patten to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If the surplus grows, the toilers are driven into narrower fields: if it falls off, profits shrink and the subsistence fund becomes relatively more important. Between them however there are no definite relations such as would create fixed funds each with its own laws. There is no equilibrium between struggling classes. The weak do not divide with the strong : they are either destroyed or driven from the field.
If income is not divided into funds some other viewpoint must be adopted to discover ...how income is distributed between strug- (51) 52 THE ANNALS OF THE AMERICAN ACADEMY gling groups. Socially the equilibrium must be looked for not in a series of funds but in a series of budgets, each of which represents the forces acting on a given class. In each budget there is a recomposi- tion of values so as to force an equilibrium between receipts and expenditures. To add to costs in one particular, forces reductions in costs in other quarters. To reduce costs likewise alters the value of other items.
What to read after The Reconstruction of Economic Theory?
You can find similar books in the "Read Also" column, or choose other free books by Simon Nelson Patten to read onlineMoreLess
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