economics in one lesson the shortest and surest way to understand basic economics phần 5 pdf
economics in one lesson the shortest and surest way to understand basic economics phần 1 ppt
... have $50 more to spend with other merchants, and these in turnwill have $50 more to spend with still other merchants, and so ad infinitum. The smashed window will go on pro-viding money and ... which the latter often ignored. But in themselvesignoring or slighting the long-run effects, they are making the far more serious error. They overlook the woods in their precise and minute examination ... through the win-dow of a baker's shop. The shopkeeper runs out furious,but the boy is gone. A crowd gathers, and begins to starewith quiet satisfaction at the gaping hole in the windowand...
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economics in one lesson the shortest and surest way to understand basic economics phần 2 pdf
... demand forautomobiles and other goods. The supply of motor carsconstitutes the demand of the people in the automobile in- dustry for wheat and other goods. All this is inherent in the ... up. Then these temporarilyfavored industries will, relatively, have to shrink again, to allow other industries filling other needs to grow.It is important to keep in mind, finally, that there ... usuallycareful in their investigations to determine the adequacyof the assets pledged and the business acumen and honestyof the borrower.If the government operated by the same strict standards,there...
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economics in one lesson the shortest and surest way to understand basic economics phần 3 potx
... children and the over-aged no longer need to work.What machines do, to repeat, is to bring an increase in production and an increase in the standard of living. Theymay do this in either of two ways. ... jobs. The real result of the machine is to increase ¶roàucûon, to raise the standard of living, to increase economic welfare. THE CURSE OF MACHINERY 43 the end of the nineteenth century the stocking ... saved in direct wages to for-mer coat makers, he now has to pay out in indirect wages to the makers of the new machine, or to the workers in an- 5 ECONOMICS IN ONE LESSON other capital industry,...
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economics in one lesson the shortest and surest way to understand basic economics phần 4 pps
... withoutreducing the length of the working week. They could, in other words, have worked the same number of hours and got their total weekly incomes increased l·y one- third, in- stead of merely getting, ... seriousstudent of economics to throw up his hands in despair.What possible point can there be, he is likely to ask, in discussing refinements and advances in economic theory,when popular thought and the ... clothes, but employs a tailor. The farmer attempts to make neither the one nor the other, but employs thosedifferent artificers. All of them find it for their interest to employ their whole industry...
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economics in one lesson the shortest and surest way to understand basic economics phần 5 pdf
... other hand, of late years theyhave taken to putting more obstacles in the way of export-ing gold than in the way of exporting anything else: butthat is another story.)Now the ... this capital and labor of liberty of choice. It forces investors to place theirmoney where the returns seem less promising to them than in the X industry. It forces workers into industries witheven ... "overcrowded," and to try to prevent other firms or workers from getting into it. The other is to argue that the X industry needs to be supportedby a direct subsidy from the government.Now if the X industry...
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economics in one lesson the shortest and surest way to understand basic economics phần 6 pptx
... increasedsupply, then the driving out of the marginal farmers on the marginal land enables the good farmers on the goodland to expand their production. So there may be, in the long run, no ... stimulates them to increase their pro-duction. It leads others to stop making some of the productsthey previously made, and turn to making the product thatoffers them the better return. But this increases ... from the fallacyof looking at one industry in isolation, of looking at the tree and ignoring the forest. Up to a certain point it isnecessary to produce shoes. But it is also necessary to produce...
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economics in one lesson the shortest and surest way to understand basic economics phần 7 pps
... to them, and force them to take something worse. The strikers are therefore insist-ing on a position of privilege, and are using force to main-tain this privileged position against other ... of business altogether, and to dis-courage or stop the production of certain items. This meansunemployment, a shrinkage in production and a decline in living standards. 5 What lies at the base ... are looking for permanent jobs and willing to accept them at the old rate, then they are workerswho would be shoved into worse jobs than these in order to enable the striking workers to enjoy...
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economics in one lesson the shortest and surest way to understand basic economics phần 8 pot
... of employers and investors. The investors once had liquid funds. But they have putthem, say, into the railroad business. They have turnedthem into rails and roadbeds, freight cars and locomotives.Once ... that in the fifteen-year periodi56 ECONOMICS IN ONE LESSON their own profits by overworking their employes. In allthese cases the unions, by demanding decent standards,often increased ... there is an inevitable corollary of this. If the moneythat they have invested in railroads now yields less thanmoney they can invest in other lines, the investors will notput a cent more into...
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economics in one lesson the shortest and surest way to understand basic economics phần 9 ppt
... that the government printsmoney to pay war contractors. Then the first effect ofthese expenditures will be to raise the prices of suppliesused in war and to put additional money into the hands ... by printing money. They sense that there must bea catch somewhere; so they would limit in some way the amount of additional money they would have the govern-i88 ECONOMICS IN ONE LESSON away ... shortage ofmonetary demand: if people want the goods, they assume, and have the money to pay for them, the goods will almostautomatically be produced.On the other hand is the group and ...
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economics in one lesson the shortest and surest way to understand basic economics phần 10 pot
... in everything else, it is in my interestfor scarcity to exist in the very thing that it is my business to supply. The greater the scarcity, compared to everythingelse, in this one thing that ... thousands of bartendersout of business. A decline in gambling would force crou-piers and racing touts to seek more productive occupations.214 ECONOMICS IN ONE LESSON another way of saying ... the workers who use the new machines it increases theirreal wages in a double way by increasing their money wagesas well. A typical illustration is the automobile business. The American automobile...
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