The Theory of Earned And Unearned Incomes; a Study of the Economic Laws of Distribution With Some of Their Applications to Social Policy
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To quickly assess the difficulty of the text, read a short excerpt:
Sellers do not wish to take less than this cost of production and will, in large part, change their occupations, and cease to appear on the supply side of the market if they do have to take less. It need not surprise us that demand and supply are thus both so closely related to cost in the sense of the word here used. Let us remember that those who demand one kind or several kinds of goods, supply other goods, and that those who supply one kind of goods demand other kinds. The demander is a sup...plier and vice versa. Every person is at the same time a buyer of some things and a seller of other things. And every person, in a modem society based on indus- trial freedom, has the alternative of becoming a buyer of what he now sells and a seller of what 12 Another way to put the same thought is to say that the supply of cotton would decrease if the producers of it have to expend more effort and sacrifice in producing cotton as a means of paying for other desired goods, than would be required to produce these goods direct or to produce something other than cotton with which to buy them.
What to read after The Theory of Earned And Unearned Incomes; a Study of the Economic Laws of Distribution With Some of Their Applications to Social Policy?
You can find similar books in the "Read Also" column, or choose other free books by Harry Gunnison Brown to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Sellers do not wish to take less than this cost of production and will, in large part, change their occupations, and cease to appear on the supply side of the market if they do have to take less. It need not surprise us that demand and supply are thus both so closely related to cost in the sense of the word here used. Let us remember that those who demand one kind or several kinds of goods, supply other goods, and that those who supply one kind of goods demand other kinds. The demander is a sup...plier and vice versa. Every person is at the same time a buyer of some things and a seller of other things. And every person, in a modem society based on indus- trial freedom, has the alternative of becoming a buyer of what he now sells and a seller of what 12 Another way to put the same thought is to say that the supply of cotton would decrease if the producers of it have to expend more effort and sacrifice in producing cotton as a means of paying for other desired goods, than would be required to produce these goods direct or to produce something other than cotton with which to buy them.
What to read after The Theory of Earned And Unearned Incomes; a Study of the Economic Laws of Distribution With Some of Their Applications to Social Policy?
You can find similar books in the "Read Also" column, or choose other free books by Harry Gunnison Brown to read onlineMoreLess
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