Principles of Social Economics Inductively Considered And Practically Applied, With Criticisms On Current Theories
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In our eReader you can find the full English version of the book. Read Principles of Social Economics Inductively Considered And Practically Applied, With Criticisms On Current Theories 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 Principles of Social Economics Inductively Considered And Practically Applied, With Criticisms On Current Theories
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To quickly assess the difficulty of the text, read a short excerpt:
(2) That the active factors in production are, human forces LAW OF PRODUCTION SUMMARIZED. 89 and natural forces ; the former being represented by labor, and the latter by capital.
(3) That the cost of production, and consequently the price of commodities, diminishes in proportion as natural forces prepon- derate over human forces in the process of production.
(4) That labor-saving appliances can only be successfully employed in production when they yield increasing returns to the capital invest...ed.
(5) That capital will only yield increasing returns when it can be employed cheaper than labor.
(6) That labor-saving appliances can only become cheaper than hand labor when they can produce in large quantities.
(7) That the possibility of producing on a large scale depends entirely upon the market being extended more rapidly than labor- ers increase in number — i.e., an increase in the consumption of wealth, per capita, of the population.
(8) That such an extension of the market can only result from an increase in the social wants of the masses, which under modern conditions is synonymous with a rise in the general rate of wages.
What to read after Principles of Social Economics Inductively Considered And Practically Applied, With Criticisms On Current Theories?
You can find similar books in the "Read Also" column, or choose other free books by Gunton, George, 1845-1919. [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
(2) That the active factors in production are, human forces LAW OF PRODUCTION SUMMARIZED. 89 and natural forces ; the former being represented by labor, and the latter by capital.
(3) That the cost of production, and consequently the price of commodities, diminishes in proportion as natural forces prepon- derate over human forces in the process of production.
(4) That labor-saving appliances can only be successfully employed in production when they yield increasing returns to the capital invest...ed.
(5) That capital will only yield increasing returns when it can be employed cheaper than labor.
(6) That labor-saving appliances can only become cheaper than hand labor when they can produce in large quantities.
(7) That the possibility of producing on a large scale depends entirely upon the market being extended more rapidly than labor- ers increase in number — i.e., an increase in the consumption of wealth, per capita, of the population.
(8) That such an extension of the market can only result from an increase in the social wants of the masses, which under modern conditions is synonymous with a rise in the general rate of wages.
What to read after Principles of Social Economics Inductively Considered And Practically Applied, With Criticisms On Current Theories?
You can find similar books in the "Read Also" column, or choose other free books by Gunton, George, 1845-1919. [from Old Catalog] to read onlineMoreLess
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