This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 Excerpt: ...combined with the return to a unit employed at the margin; or, more simply, by ascertaining the mass of profit, which is simply the remainder after wages and rent are deducted, and then, from the amount of capital, computing the percentage of gain. Into the various difficulties raised by this theory, when thus stated ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 Excerpt: ...combined with the return to a unit employed at the margin; or, more simply, by ascertaining the mass of profit, which is simply the remainder after wages and rent are deducted, and then, from the amount of capital, computing the percentage of gain. Into the various difficulties raised by this theory, when thus stated in abstract form, it is not necessary to enter. But it cannot be denied that, as a first approximation towards a scientific account of the partition of wealth, and as clearing the mind preparatory to further inquiry into the facts of distribution, its value has been great. In any modern society the result of social growth has been to establish a set of complicated relations which do not conform to the simplicity of the Eicardian analysis. Instead of a single and uniform rate of wages, measured by the labourer's necessary requirements, we have various social groups, most of them paid at a much higher rate than any minimum of subsistence, no matter how liberally interpreted. The uniform rate of profit is replaced by widely divergent gains, obtained in thousands of varying industries, whose conditions are most imperfectly known. The amount of rent is affected by the operation of various disturbing forces, and is, in many cases, mixed up with profit. Above all, there are large classes of the community who are in the receipt of fixed incomes derived from different sources, and whose position has to be carefully considered before attempting to estimate at least the proximate influence of changes in the conditions of production, and their effect on distribution. The result of foreign trade may, however, be treated in a more general way than would be allowable, were our object to develop a theory of distribution which would adequately explain the actua...
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Add this copy of The Theory Of International Trade, With Some Of Its to cart. $44.52, new condition, Sold by Booksplease rated 4.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, published 2007 by Kessinger Publishing.
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Add this copy of The Theory of International Trade, With Some of Its to cart. $49.62, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2010 by Kessinger Publishing.
Add this copy of The Theory Of International Trade, With Some Of Its to cart. $67.44, new condition, Sold by Booksplease rated 4.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, published 2010 by Kessinger Publishing.
Add this copy of The Theory Of International Trade, With Some Of Its to cart. $67.44, new condition, Sold by Booksplease rated 4.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, published 2008 by Kessinger Publishing.
Add this copy of The Theory of International Trade, With Some of Its to cart. $70.41, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2010 by Kessinger Publishing.
