Political economy

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Monograph

Identifikator:: 1012149900

URN:: urn:nbn:de:zbw-retromon-24397

Document type:: Monograph

Author:: Obst, Georg http://d-nb.info/gnd/11759296X

Title:: Geld-, Bank- und Börsenwesen

Edition:: 30., völlig veränd. Neuauflage

Place of publication:: Stuttgart

Publisher:: C.E. Poeschel Verlag

Year of publication:: 1937

Scope:: 1 Online-Ressource (XVI, 566 Seiten)

Digitisation:: 2018

Collection:: Business and Management Classics

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Document type:: Monograph

Structure type:: Chapter

Title:: Erster Teil. Geld und Geldsurrogate

Collection:: Business and Management Classics

CHAPTER IX PROBLEMS OF DISTRIBUTION It is now my intention to discuss some details and practical points connected with the abstract theory of distribution already set forth, but before doing so it will be as well to repeat in what the gist of this theory consists. Broadly put the modern doctrine of distribution affirms that payment for the employed agents in production is settled by the forces of demand and supply. The demand for a factor is supposed to measure the marginal worth of that factor to employers, in view of the existing supplies of other factors, while its supply forces mean the prices at which different quantities of that factor will be forthcoming. As regards the employer, his remuneration for the work that he does, apart from payment for his capital, is represented as what is left over after payment for the employed agents ; and it is maintained that this amount, in the case of the employer of marginal capacity, tends to equal his supply

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