Economics for Irishmen
Economics for Irishmen
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In our eReader you can find the full English version of the book. Read Economics for Irishmen 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 Economics for Irishmen
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CAPITAL is treated as the third of the Agents of Produc- tion, and may be defined as that part of existing wealth which is saved from consumption to be devoted to the production of farther wealth. For example, all implements, machinery, etc. , used in producing commodities are Capital. It is not Capital until, and unless, it is expended in wealth- production. Like the body of the wealth of the community, from which it is taken, it is the product of Land, Labour, and Capital previously operating... together. If a civilised people were to consume the whole of what they produced, as savages do, they could not renew or extend the capital required for farther or greater production ; they could but revert to indus- trial barbarism, with only manual energy and natural material to attempt future production. It is not possible to ascertain exactly the extent by which Capital increases the productive- ness of man's mere crude energy, but it is enormous. Lacking this third agent. Capital, his methods must obviously decline to the crudest, and he could neither support the same volume nor enjoy the same standard of life.
What to read after Economics for Irishmen?
You can find similar books in the "Read Also" column, or choose other free books by Pseud Pat to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
CAPITAL is treated as the third of the Agents of Produc- tion, and may be defined as that part of existing wealth which is saved from consumption to be devoted to the production of farther wealth. For example, all implements, machinery, etc. , used in producing commodities are Capital. It is not Capital until, and unless, it is expended in wealth- production. Like the body of the wealth of the community, from which it is taken, it is the product of Land, Labour, and Capital previously operating... together. If a civilised people were to consume the whole of what they produced, as savages do, they could not renew or extend the capital required for farther or greater production ; they could but revert to indus- trial barbarism, with only manual energy and natural material to attempt future production. It is not possible to ascertain exactly the extent by which Capital increases the productive- ness of man's mere crude energy, but it is enormous. Lacking this third agent. Capital, his methods must obviously decline to the crudest, and he could neither support the same volume nor enjoy the same standard of life.
What to read after Economics for Irishmen?
You can find similar books in the "Read Also" column, or choose other free books by Pseud Pat to read onlineMoreLess
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