An Alphabet of Economics
An Alphabet of Economics
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In our eReader you can find the full English version of the book. Read An Alphabet of Economics 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 An Alphabet of Economics
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This consists in employing men for personal profit and returning a share to keep them at it. But of two things one : either the employer is entitled to the whole of the profits or he is entitled to none. If the former, his sharing of the profits with his workmen is (a) charity ; or (b) conscience- money ; or (c) bribery ; or (d) an insurance against strikes, etc. If the latter, the men are as wrong to accept a part as the employers are to reserve a part. Let us discriminate, however, between pr...ofits and, on the one hand, the salary of management, and, on the PROFIT-SHARING— PROGRESS 1 1 5 other, the wages of labour. Profit is some- thing over and above the market-rate (that is, the economic value) of both ; it is in the nature of a windfall — or shall we say that the tree is shaken ? The legitimate return to employers consists of (a) the salaries of the managing staff; and (b) renewal and improvement of plant — and nothing else. All the rest is the property in equity of Labour. Where, then, is there any Profit as such ?
What to read after An Alphabet of Economics?
You can find similar books in the "Read Also" column, or choose other free books by A R Alfred Richard Orage to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This consists in employing men for personal profit and returning a share to keep them at it. But of two things one : either the employer is entitled to the whole of the profits or he is entitled to none. If the former, his sharing of the profits with his workmen is (a) charity ; or (b) conscience- money ; or (c) bribery ; or (d) an insurance against strikes, etc. If the latter, the men are as wrong to accept a part as the employers are to reserve a part. Let us discriminate, however, between pr...ofits and, on the one hand, the salary of management, and, on the PROFIT-SHARING— PROGRESS 1 1 5 other, the wages of labour. Profit is some- thing over and above the market-rate (that is, the economic value) of both ; it is in the nature of a windfall — or shall we say that the tree is shaken ? The legitimate return to employers consists of (a) the salaries of the managing staff; and (b) renewal and improvement of plant — and nothing else. All the rest is the property in equity of Labour. Where, then, is there any Profit as such ?
What to read after An Alphabet of Economics?
You can find similar books in the "Read Also" column, or choose other free books by A R Alfred Richard Orage to read onlineMoreLess
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