Liberalism And Industry : Towards a Better Social Order
Liberalism And Industry : Towards a Better Social Order
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In our eReader you can find the full English version of the book. Read Liberalism And Industry : Towards a Better Social Order 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 Liberalism And Industry : Towards a Better Social Order
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It is no longer true to say that industry is managed on a purely capitalist basis. Industry is feeling its way along many new paths, some suitable for one kind of work, others suitable for another. It is the mark of wise men to learn from experience rather than to act on abstract and untried theories spun from their inner consciousness. We can learn a great deal from these experiments, and the more varied they are the better.
Not only are many new experiments in industrial organisation now bein...g made, but there are two very instructive developments affecting all the regular capitalist undertakings which suggest that a change is gradually taking place in their character.
The first of these is the fact that an increasingly large proportion of the capital invested in industry takes the form of debentures or preference shares, which earn only a fixed and limited rate of interest, 74 LIBERALISM AND INDUSTRY and do not get any share of the residual profits beyond this. So far as shareholders of this type are concerned, it is not true that the concerns in which their money is invested are run solely to earn dividends for them.
What to read after Liberalism And Industry : Towards a Better Social Order?
You can find similar books in the "Read Also" column, or choose other free books by Muir, Ramsay, 1872-1941 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is no longer true to say that industry is managed on a purely capitalist basis. Industry is feeling its way along many new paths, some suitable for one kind of work, others suitable for another. It is the mark of wise men to learn from experience rather than to act on abstract and untried theories spun from their inner consciousness. We can learn a great deal from these experiments, and the more varied they are the better.
Not only are many new experiments in industrial organisation now bein...g made, but there are two very instructive developments affecting all the regular capitalist undertakings which suggest that a change is gradually taking place in their character.
The first of these is the fact that an increasingly large proportion of the capital invested in industry takes the form of debentures or preference shares, which earn only a fixed and limited rate of interest, 74 LIBERALISM AND INDUSTRY and do not get any share of the residual profits beyond this. So far as shareholders of this type are concerned, it is not true that the concerns in which their money is invested are run solely to earn dividends for them.
What to read after Liberalism And Industry : Towards a Better Social Order?
You can find similar books in the "Read Also" column, or choose other free books by Muir, Ramsay, 1872-1941 to read onlineMoreLess
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