Political economy

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Monograph

Identifikator:: 1733889647

URN:: urn:nbn:de:zbw-retromon-108562

Document type:: Monograph

Author:: Walter, Alex http://d-nb.info/gnd/120611945; Engel, Hans http://d-nb.info/gnd/1011980991

Title:: Die landwirtschaftlichen Zölle

Place of publication:: Berlin

Publisher:: Dt. Schriftenverl.

Year of publication:: 1926

Scope:: 111 Seiten

Digitisation:: 2020

Collection:: Economics Books

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Document type:: Monograph

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Title:: Übersicht der geltenden Zollsätze für den 1.Abschnitt des Zolltarifs. (Erzeugnisse der Land- und Forstwirtschaft und andere tierische und pflanzliche Erzeugnisse; Nahrungs- und Genußmittel)

Collection:: Economics Books

CHAPTER VII WAGES, PROFITS AND INTEREST The economics of distribution explains the sharing out of the wealth produced by a community. We may think of the various individuals in a community as working together with suitable appliances to make the incomes upon which they live. The generalisations relating to their activities, when they are thus engaged, constitute the economics of produc tion. What is produced is called the national dividend or the national income. Generalisa tions relating to the processes whereby the national income is divided up constitute the economics of distribution. Only it is important to observe that the processes of production and distribution go on continuously. We all know that it is not a fact that production for a common stock continues for a time and then ceases while the division of the stock is being arranged. The process of its division is continuous with the process of its production. What exactly is implied by this statement we shall realise more fully as we advance. 167

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