Principles of Economics Volume N'. 1

Principles of Economics Volume N'. 1

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1890 edition. Excerpt: ...want of capital: but this is not always his chief difficulty, appears, by j?oT instance the co-operative distributive societies have his want. of capital; accumulated a vast capital, on which they find it difficult to get a good rate of interest; and which they would be rejoiced to lend to any set of working men who could show that they had the capacity for dealing with difficult business problems. Co-operators who have firstly a high order of business ability and probity, and secondly the "per THE WORKING MAN'S OPPORTUNITIES OF RISING. 369 sonal capital" of a great reputation among their fellows for Book It. these qualities, will have no difficulty in getting command of CB' xn' enough material capital for a considerable undertaking: the real difficulty is to convince a sufficient number of those around them that they have these rare qualities. And the case is not very different when an individual endeavours to obtain from the ordinary sources the loan of the capital required to start him in business. It is true that in almost every business there is a constant for the loan-fund increase m the amount of capital required to make a lair start; is increasbut there is a much more rapid increase in the amount of lnme capital which is owned by people who do not want to use it JJJgg, themselves, and are so eager to lend it out that they will fr employ accept a constantly lower and lower rate of interest for it. Much of this capital passes into the hands of bankers and others, people of keen intellect and restless energy; people who have no class prejudices and care nothing for social distinctions; and who would promptly lend it to any one of whose business ability and honesty they were convinced. To say nothing of the credit that more

Product details

  • Paperback
  • 189 x 246 x 16mm | 549g
  • English
  • Illustrations, black and white
  • 1236819152
  • 9781236819154