Economic essays

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Identifikator:: 1753623200

URN:: urn:nbn:de:zbw-retromon-136107

Document type:: Monograph

Title:: Economic essays

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1927

Scope:: viii, 368 S.; Ill., graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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Title:: The enterpreneur and the supply of capital / George E. Barnett

Collection:: Economics Books

THE ENTREPRENEUR AND THE SUPPLY OF CAPITAL 21 again ownership fell to “active” capital, theories of risk-bearing sprang into existence. As a matter of fact neither form of theory is exclusively appli- cable, even as a statement of the attachment of profits. In those industries where large capital, fixed capital and valuable good- will are the rule, the risk theory fits the facts better. But in other kinds of enterprise where small capital, circulating capital and relatively unimportant good-will hold the field, the theory of business management accords better with the facts. More- over, it must be admitted that in most cases some admixture of the two theories is better than either alone.

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