The Theory of Business

第7章

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第7章

The Theory of Business 佚名

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The Theory of Business
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  Thelikeholdstruefortheworkandpayoftheforceofworkmenengagedintheindustrialprocessesunderbusinessmanagement。Itholds,inameasure,ofallmodernindustrythatproducesforthemarket,butitholdstrue,inaneminentdegree,ofthoselinesofindustrythataremorefullyundertheguidanceofmodernbusinessmethods。Thesearemostcloselyintouchwiththemarketandaremostconsistentlyguidedbyconsiderationsofvendibility。Theyarealso,onthewhole,morecommonlycarriedonbyhiredlabor,andthewagespaidarecompetitivelyadjustedongroundsofthevendibilityoftheproduct。Thebruteserviceabilityoftheoutputoftheseindustriesmaybealargefactorinitsvendibility,perhapsthelargestfactor;butthefactremainsthattheendsoughtbythebusinessmenincontrolisaprofitablesale,andthewagesarepaidasameanstothatend,nottotheendthatthewayoflifemaybesmootherfor。theultimateconsumerofthegoodsproduced。27*

  Theoutcomeofthisrecital,then,isthatwhereverandinsofarasbusinessendsandmethodsdominatemodernindustrytherelationbetweentheusefulnessoftheworkforotherpurposesthanpecuniarygainandtheremunerationofitisremoteanduncertaintosuchadegreethatnoattemptatformulatingsucharelationisworthwhile。Thisiseminentlyandobviouslytrueoftheworkandgainsofbusinessmen,inwhateverlinesofbusinesstheyareengaged。Thisfollowsasanecessaryconsequenceofthenatureofbusinessmanagement。

  Workthatis,onthewhole,uselessordetrimentaltothecommunityatlargemaybeasgainfultothebusinessmanandtotheworkmenwhomheemploysasworkthatcontributessubstantiallytotheaggregatelivelihood。Thisseemstobepeculiarlytrueofthebolderflightsofbusinessenterprise。Insofarasitsresultsarenotdetrimentaltohumanlifeatlarge,suchunproductiveworkdirectedtosecuringanincomemayseemtobeanidlematterinwhichtherestofthecommunityhasnosubstantialinterests。Suchisnotthecase。Insofarasthegainsoftheseunproductiveoccupationsareofasubstantialcharacter,theycomeoutoftheaggregateproductoftheotheroccupationsinwhichthevariousclassesofthecommunityengage。

  Theaggregateprofitsofthebusiness,whateveritscharacter,aredrawnfromtheaggregateoutputofgoodsandservices;andwhatevergoestothemaintenanceoftheprofitsofthosewhocontributenothingsubstantialtotheoutputis,ofcourse,deductedfromtheincomeoftheothers,whoseworktellssubstantially。

  Thereare,therefore,limitstothegrowthoftheindustriallyparasiticlinesofbusinessjustspokenof。A

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