The Economic Journal: The Quarterly Journal of the Royal Economic Society, Том 23,Випуск 89Macmillan, 1913 |
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Сторінка 43
... competition obtain , the advantage is rapidly shifted to the public in a lower ( or more favourable ) price of the product . But there is this difference . The intelligence acquired by the speculator has the effect not only of reducing ...
... competition obtain , the advantage is rapidly shifted to the public in a lower ( or more favourable ) price of the product . But there is this difference . The intelligence acquired by the speculator has the effect not only of reducing ...
Сторінка 44
... competition the private gain of the speculator exceeds his social contribution , and he tends to press the production of intelligence beyond that margin at which its social value is equal to its cost , up to that point , at which his ...
... competition the private gain of the speculator exceeds his social contribution , and he tends to press the production of intelligence beyond that margin at which its social value is equal to its cost , up to that point , at which his ...
Сторінка 46
... competition does , in fact , obtain ; and , secondly , by an estimate of the importance of the indirect effects of speculator's operations ; and these latter effects are the more difficult to estimate for the reason that their import ...
... competition does , in fact , obtain ; and , secondly , by an estimate of the importance of the indirect effects of speculator's operations ; and these latter effects are the more difficult to estimate for the reason that their import ...
Сторінка 49
... a balance of good . Realistic inquiry is equally necessary in dealing with the No. 89. - VOL . XXIII . E question of the efficiency of competition in beating down the 1913 ] SOCIAL INTEREST IN STOCK EXCHANGE SPECULATION 49.
... a balance of good . Realistic inquiry is equally necessary in dealing with the No. 89. - VOL . XXIII . E question of the efficiency of competition in beating down the 1913 ] SOCIAL INTEREST IN STOCK EXCHANGE SPECULATION 49.
Сторінка 50
... competition acts very imper- fectly in reducing the gain to be derived from exclusive know- ledge to the value of its social productivity . To the extent , therefore , that the speculator is in possession of superior ability or ...
... competition acts very imper- fectly in reducing the gain to be derived from exclusive know- ledge to the value of its social productivity . To the extent , therefore , that the speculator is in possession of superior ability or ...
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The Economic Journal: The Quarterly Journal of the Royal ..., Том 30,Випуск 117 Повний перегляд - 1920 |
Загальні терміни та фрази
ACHILLE LORIA Adam Smith aggregate amount average Bank Board of Trade British Canal capital casual labour cent Committee commodity companies competition considerable consumption cost of production Crown 8vo curve deal demand or supply Dibblee direct dockers économiques economists effect employed employers employment engaged estimate fact German important increase industry Insurance interest J. S. Mill Johannesburg JOHN COLOMB joint-stock Kontraktarbeiter Labour Exchange less Liverpool London marginal utility ment method net output obtained operation organisation output paid persons port Post Office practical principle probably Prof Professor Pigou profit progressive taxation question railway reason reducing regard relation result reviewed Royal Economic Society scheme securities social society speculator speculator's statistics Stock Exchange taxation tion trade union Uncertainty United United Kingdom University utility of income volume W. J. ASHLEY wages waterway whole YVES GUYOT