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  employing ­
  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.  Incidentally ­
  it  may  be  remarked  that  the  appearance ­
  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  employer ­
  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