Excerpt: ...will continue to produce gluts more frequently, and the subsequent checks to productive activity, the collapse of businesses, the sudden displacement of large masses of labour, in a word, all the symptoms of the malady of "depression" will appear with increased virulence. It must be clearly recognised that the trouble is due to a genuine clash of individual interests in a competitive industrial society, where the frequent, large, and quite incalculable effects of improved machinery and methods of production give ...
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Excerpt: ...will continue to produce gluts more frequently, and the subsequent checks to productive activity, the collapse of businesses, the sudden displacement of large masses of labour, in a word, all the symptoms of the malady of "depression" will appear with increased virulence. It must be clearly recognised that the trouble is due to a genuine clash of individual interests in a competitive industrial society, where the frequent, large, and quite incalculable effects of improved machinery and methods of production give now to this, now to that group of competitors a temporary advantage in the struggle. It was formerly believed that this bracing competition, this free clash of individual interests, was able to strike out harmony, 209 that the steady and intelligent pursuit by each of his own separate interest formed a sure basis of industrial order and induced the most effective and serviceable disposition of the productive powers of a community. It now appears that this is not the case, and that the failure cannot in the main be attributed to an imperfect understanding by individuals of the means by which their several interests may be best subserved, but is due to the power vested in individuals or groups of individuals to secure for themselves advantages arising from improved methods of production without regard for the vested interests of other individuals or of society as a whole. APPENDIX I. ARE GOODS IN THE POSSESSION OF CONSUMERS CAPITAL? The question whether food, clothing, etc., which are "capital" so long as they form part of the stock of a shopkeeper, are to be regarded as ceasing to be capital when they pass into the possession of consumers has seldom been definitely faced by English economists. Jevons was perhaps the first to clearly recognise the issues involved. He writes:
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Add this copy of The Evolution Of Modern Capitalism to cart. $23.14, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2023 by Legare Street Press.
Add this copy of The Evolution of Modern Capitalism to cart. $26.72, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2009 by BiblioLife.
Add this copy of The Evolution of Modern Capitalism: a Study of Machine to cart. $30.00, very good condition, Sold by Common Crow Books rated 5.0 out of 5 stars, ships from Pittsburgh, PA, UNITED STATES, published 1901 by Walter Scott.
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Seller's Description:
Very Good. Second edition, 1901, hardcover with maroon cloth boards, octavo, 388pp., illustrated with charts and graphs. Book VG with mild rubbing to boards and spine, mild wear to corners, binding tight, spine mildly cocked, previous owner's signature to front flyleaf, otherwise text clean and unmarked. No DJ.
Add this copy of The Evolution Of Modern Capitalism to cart. $34.31, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2023 by Legare Street Press.
Add this copy of The Evolution of Modern Capitalism to cart. $43.42, new condition, Sold by Paperbackshop rated 4.0 out of 5 stars, ships from Bensenville, IL, UNITED STATES, published 2009 by BiblioLife.
Add this copy of The Evolution of Modern Capitalism to cart. $51.94, new condition, Sold by Booksplease rated 3.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, published 2009 by BiblioLife.
