Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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WAGES, PROFITS AND INTEREST 191 general principle of our demonstration may be taken to apply to these other types of business organisation which differ from the simple one which has been posited to simplify analysis. Our final generalisation would have to be modified to suit the peculiarities of these other types of organisation ; but in general it may be said, with regard to the theory of payment for employing, that the only difference which is brought into the problem by the recognition of actual employ ing arrangements consists in the fact that the employing function is split up and divided among a number of people, instead of being concentrated in a single individual. Inci dentally it may be remarked that the appear ance of the company form of organisation has been productive of the most far-reaching and, on the whole, beneficial consequences. It is true that it has had—though it need not have had—the disadvantage of severing the personal ties between em ployer and employed, which afforded some guarantee that business relations would not be de-humanised and degraded into a mere cash nexus ; but, on the other hand, it has enabled enterprising and able men possessed of small means to devote their most valuable capacities to the service of the community

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