Annals of the American Academy of Political and Social Science, Том 1A.L. Hummel, 1890 |
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Сторінка 48
... What he keeps is value in easily convertible form ; wealth that may be made to assume this shape or that , as necessity demands . He gives to the employer what is equivalent to a draft on society for a 48 ANNALS OF THE AMERICAN ACADEMY .
... What he keeps is value in easily convertible form ; wealth that may be made to assume this shape or that , as necessity demands . He gives to the employer what is equivalent to a draft on society for a 48 ANNALS OF THE AMERICAN ACADEMY .
Сторінка 49
... wealth embodied in forms that are continually changing . The capitalist does not own the mill , but he owns the value that he has loaned to the em- ployer to be invested in the mill . Such is the instinctive and entirely philosophical ...
... wealth embodied in forms that are continually changing . The capitalist does not own the mill , but he owns the value that he has loaned to the em- ployer to be invested in the mill . Such is the instinctive and entirely philosophical ...
Сторінка 50
... wealth in the abstract . The wages question is the question as to what fixes the returns of the social fund of pure labor energy ; while the problem that interests employers or initiators is that of the conditions that make the lump ...
... wealth in the abstract . The wages question is the question as to what fixes the returns of the social fund of pure labor energy ; while the problem that interests employers or initiators is that of the conditions that make the lump ...
Сторінка 52
... wealth is subject to a law of diminishing returns . As the amount of it increases , and as the number of men who are to use it do not increase , each new increment of the fund is compelled to shape itself into some labor - aiding device ...
... wealth is subject to a law of diminishing returns . As the amount of it increases , and as the number of men who are to use it do not increase , each new increment of the fund is compelled to shape itself into some labor - aiding device ...
Сторінка 53
... wealth , convertible into any form ; can he get as much for it as for the first ? He could do so if the second unit were as productive as the first ; but it is not so . It must take the shape of an implement that is less sorely needed ...
... wealth , convertible into any form ; can he get as much for it as for the first ? He could do so if the second unit were as productive as the first ; but it is not so . It must take the shape of an implement that is less sorely needed ...
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