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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PROBLEMS OF DISTRIBUTION 227 surplus, so to speak, which has been termed consumers’ surplus ; only in this case the surplus must accrue not to those who buy consumers’ goods but to the direct consumers of the capital, namely, those who are active in producing in conjunction with the capital yielding the surplus. The question naturally suggests itself at this point as to whether it is theoretically possible—apart from broad questions of justice and social policy—to secure the whole of the benefits resulting from the use of capital for the community at large, no share being left for capitalists. Evidently it would not be possible to bring about this result by the simple expedient of prohibiting the payment of interest, even if such a prohibition were not evaded. Were interest forcibly suppressed under the conditions now ruling, which natur ally give birth to a market rate of interest, it is highly probable, to say the least, that the amount of capital saved would be substantially reduced, so that a loss would be occasioned to others than capitalists, as well as to capital ists, which might easily surpass in amount the saving effected for the former through the non-payment of interest. Nevertheless it is conceivable, though most improbable, that circumstances might arise

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