The Cost of Competition An Effort At the Understanding of Familiar Facts
The Cost of Competition An Effort At the Understanding of Familiar Facts
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In our eReader you can find the full English version of the book. Read The Cost of Competition An Effort At the Understanding of Familiar Facts 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 The Cost of Competition An Effort At the Understanding of Familiar Facts
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To quickly assess the difficulty of the text, read a short excerpt:
And yet, if we were to trace down and measure the magnitude of the alterations in demand (the increment of purchasing-power released by the govern- ment's war-expenditures) or in the altered faith in our- selves which aroused the nation from its supine lethargy, — -if we should compare these economic and ethical magni- tudes with those now under discussion — we should find them utterly insignificant.
Once, for instance, during an investigation of the price of gas in the city of Cincinnati, it w...as testified by a gentle- man well known throughout the State and possessing sub- stantial interests in gas-properties, during examination under oath, that if he should ever become acquainted with any improvement in the art of making gas which, beyond all doubt, would reduce the cost of manufacture by five cents per thousand cubic feet, he would pay a million dol- lars for it without the slightest hesitation. This was his estimate, not of the total value of such an improvement to the community, but of the portion of it which he might expect, easily and without any question, to reserve to him- self.
What to read after The Cost of Competition An Effort At the Understanding of Familiar Facts?
You can find similar books in the "Read Also" column, or choose other free books by Sidney a Sidney Armor Reeve to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
And yet, if we were to trace down and measure the magnitude of the alterations in demand (the increment of purchasing-power released by the govern- ment's war-expenditures) or in the altered faith in our- selves which aroused the nation from its supine lethargy, — -if we should compare these economic and ethical magni- tudes with those now under discussion — we should find them utterly insignificant.
Once, for instance, during an investigation of the price of gas in the city of Cincinnati, it w...as testified by a gentle- man well known throughout the State and possessing sub- stantial interests in gas-properties, during examination under oath, that if he should ever become acquainted with any improvement in the art of making gas which, beyond all doubt, would reduce the cost of manufacture by five cents per thousand cubic feet, he would pay a million dol- lars for it without the slightest hesitation. This was his estimate, not of the total value of such an improvement to the community, but of the portion of it which he might expect, easily and without any question, to reserve to him- self.
What to read after The Cost of Competition An Effort At the Understanding of Familiar Facts?
You can find similar books in the "Read Also" column, or choose other free books by Sidney a Sidney Armor Reeve to read onlineMoreLess
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