Four Lectures On the Organization of Industry Being Part of a Course Delivered
Four Lectures On the Organization of Industry Being Part of a Course Delivered
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In our eReader you can find the full English version of the book. Read Four Lectures On the Organization of Industry Being Part of a Course Delivered 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 Four Lectures On the Organization of Industry Being Part of a Course Delivered
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To quickly assess the difficulty of the text, read a short excerpt:
But such a cal- culation only determines a mean between two extremes, the low- est of which, if experienced where no due precautions have been taken, may entail the destruction of the fixed capital employed.
Perhaps a more scientific mode of planning manufacturing edifices would protect the capitalist from the heavy losses often incurred by the adoption of new processes. But the danger the manufacturer thus incurs shows the necessity for his making the strictest economical calculation before fi...xing a large amount of capital. Hence the weakness of building upon so unstable a foundation as prices, and the importance to the manufacturer of a general view of the laws governing production and consumption, F 2 68 Protecting duties, monopolies, and bounties are all lures to the unsound investment of capital, as the experience of our own country, and the ill-chosen sites of numberless factories abroad, testify. Even patents, if speculated upon too far, are liable to lead into this error. Nor does there seem any encouragement held out to intelligence beyond that of an assuredly extended market, which is exempt from the chance of misleading.
What to read after Four Lectures On the Organization of Industry Being Part of a Course Delivered?
You can find similar books in the "Read Also" column, or choose other free books by T C Thomas Charles Banfield to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But such a cal- culation only determines a mean between two extremes, the low- est of which, if experienced where no due precautions have been taken, may entail the destruction of the fixed capital employed.
Perhaps a more scientific mode of planning manufacturing edifices would protect the capitalist from the heavy losses often incurred by the adoption of new processes. But the danger the manufacturer thus incurs shows the necessity for his making the strictest economical calculation before fi...xing a large amount of capital. Hence the weakness of building upon so unstable a foundation as prices, and the importance to the manufacturer of a general view of the laws governing production and consumption, F 2 68 Protecting duties, monopolies, and bounties are all lures to the unsound investment of capital, as the experience of our own country, and the ill-chosen sites of numberless factories abroad, testify. Even patents, if speculated upon too far, are liable to lead into this error. Nor does there seem any encouragement held out to intelligence beyond that of an assuredly extended market, which is exempt from the chance of misleading.
What to read after Four Lectures On the Organization of Industry Being Part of a Course Delivered?
You can find similar books in the "Read Also" column, or choose other free books by T C Thomas Charles Banfield to read onlineMoreLess
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