The Theory of Prosperity
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In our eReader you can find the full English version of the book. Read The Theory of Prosperity 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 Theory of Prosperity
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This means that he thinks of return in terms of future goods, and his margin is a margin of these goods. In this margin the capitalist gets no share. His share comes not from an increase of goods, but from the increase in the value of certain goods that in time ripen into present goods. This additional utility going to the capitalist is not a marginal utility. It is a differential when measured by the marginal want of the laborer that he supplies wholly with his own effort. At the laborer's mar...gin, therefore, he gets the \vhole return. The capitalist shares only in the additional utility created by intenser wants and complementary goods.
At the goods margin, however, the place where the production is least efficient, all the return goes to capital. When viewed as abstract fund, capital is capable of assuming a thousand forms, but each capital good is in some concrete form and capable of but one use. At a given moment all capital is concrete goods, each unit of which has a particular end.
What to read after The Theory of Prosperity?
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:
This means that he thinks of return in terms of future goods, and his margin is a margin of these goods. In this margin the capitalist gets no share. His share comes not from an increase of goods, but from the increase in the value of certain goods that in time ripen into present goods. This additional utility going to the capitalist is not a marginal utility. It is a differential when measured by the marginal want of the laborer that he supplies wholly with his own effort. At the laborer's mar...gin, therefore, he gets the \vhole return. The capitalist shares only in the additional utility created by intenser wants and complementary goods.
At the goods margin, however, the place where the production is least efficient, all the return goes to capital. When viewed as abstract fund, capital is capable of assuming a thousand forms, but each capital good is in some concrete form and capable of but one use. At a given moment all capital is concrete goods, each unit of which has a particular end.
What to read after The Theory of Prosperity?
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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