The Third Factor of Production
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In our eReader you can find the full English version of the book. Read The Third Factor of 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 Third Factor of Production
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Moreover, food and tools cannot be saved to any appreciable extent. The food would generally spoil quickly, the tools rust slowly, both meanwhile lying use- lessly idle instead of rendering useful service.
The Capitalist, however, saves neither food nor tools, nor yet goods of any kind ; he only accumulates claims on other people. It is right enough to put by such food and tools as will keep when they are in excess of present wants, but not otherwise. However, they are not put by to any extent.... Mill has shown clearly that what are called accumulations of Capital are (jn so far as they consist of utilities and not of mere claims) the result of continuous reproduction, and the great mass of what is of any age, such as houses, furniture, etc. , never has been " put by " at all, but used from the very beginning, only being of durable materials has outlasted the use. It is the claims that accumulate and figure as Capital, and the more these claims accumulate, the heavier grows the burden that industry has to bear.
What to read after The Third Factor of Production?
You can find similar books in the "Read Also" column, or choose other free books by A J Arthur James Ogilvy to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Moreover, food and tools cannot be saved to any appreciable extent. The food would generally spoil quickly, the tools rust slowly, both meanwhile lying use- lessly idle instead of rendering useful service.
The Capitalist, however, saves neither food nor tools, nor yet goods of any kind ; he only accumulates claims on other people. It is right enough to put by such food and tools as will keep when they are in excess of present wants, but not otherwise. However, they are not put by to any extent.... Mill has shown clearly that what are called accumulations of Capital are (jn so far as they consist of utilities and not of mere claims) the result of continuous reproduction, and the great mass of what is of any age, such as houses, furniture, etc. , never has been " put by " at all, but used from the very beginning, only being of durable materials has outlasted the use. It is the claims that accumulate and figure as Capital, and the more these claims accumulate, the heavier grows the burden that industry has to bear.
What to read after The Third Factor of Production?
You can find similar books in the "Read Also" column, or choose other free books by A J Arthur James Ogilvy to read onlineMoreLess
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