Das Hotel- und Gastgewerbe

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Monograph

Identifikator:: 1774764512

URN:: urn:nbn:de:zbw-retromon-160421

Document type:: Monograph

Author:: Nitsch, Harry http://d-nb.info/gnd/117023272

Title:: Das Hotel- und Gastgewerbe

Place of publication:: Düsseldorf

Publisher:: Floeder

Year of publication:: 1928

Scope:: 804 Seiten; Ill.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: 106. Adressen von Reise- und Verkehrsbureaus

Collection:: Economics Books

148 POLITICAL ECONOMY tion of these two sets of forces, the fortunate industries will expand and the unfortunate industries will contract, until a position of equilibrium is reached at which labour of the same capacity in equally agreeable occupa tions will tend to earn the same, and the remuneration of capital, so far as industrial risks are identical, will tend to be everywhere the same. Hence the conclusion that within an area over which competition rules and throughout which capital, labour, and enter prise are comparatively mobile, things will exchange according to their marginal costs of production. Thus, for our present purpose, may the theory of the home trade be portrayed—as a union of two distinguishable doctrines. It must not be supposed, of course, that the processes embraced by the one doctrine take place independently of the processes embraced by the other. The two sets of processes go on concurrently so that normally there is no noticeable breach between the prices of things and their costs of production. Now the fundamental distinction between home trade and international trade consists in the fact that in the latter the second set of processes, which I have called the reactions, cannot have the same free play as in the

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